Crexendo Declares Quarterly Cash Dividend of $0.005 per Common Share

Rhea-AI Summary

Crexendo, Inc. (NASDAQ:CXDO) announced a quarterly cash dividend of $0.005 per common share on August 9, 2022. This dividend will be paid on September 2, 2022, to stockholders of record as of the close of business on August 23, 2022. Crexendo previously paid the same quarterly dividend on June 10, 2022. Future dividends are subject to Board approval. The company is recognized for its Unified Communications as a Service (UCaaS) platform, supporting over two million end users globally.

Positive

• Quarterly cash dividend of $0.005 per share to enhance shareholder returns.
• Recognition as the fastest growing UCaaS platform in the U.S.

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / August 12, 2022 / Crexendo, Inc. (NASDAQ:CXDO) today announced that on August 9, 2022, its Board of Directors declared a quarterly cash dividend of $0.005 per common share to be paid on September 2, 2022, to all stockholders of record as of the close of business on the August 23, 2022.

Crexendo's previous quarterly dividend of $0.005 per common share was paid on June 10, 2022. Future dividends will be subject to Board approval.

About Crexendo
Crexendo, Inc. is an award-winning premier provider of Unified Communications as a Service (UCaaS), Call Center as a Service (CCaaS), communication platform software solutions, and collaboration services designed to provide enterprise-class cloud communication solutions to any size business through our business partners, agents, and direct channels. Our solutions currently support over two Million end users globally and was recently recognized as the fastest growing UCaaS platform in the United States.

Safe Harbor Statement
This press release contains forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for such forward-looking statements. The words "believe," "expect," "anticipate," "estimate," "will" and other similar statements of expectation identify forward-looking statements.

For a more detailed discussion of risk factors that may affect Crexendo's operations and results, please refer to the company's Form 10-K for the year ended December 31, 2021, and quarterly Form 10-Qs as filed. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements, except as required by law.

CONTACT:
Crexendo, Inc.
Doug Gaylor
President and Chief Operating Officer
602-732-7990
dgaylor@crexendo.com

SOURCE: Crexendo, Inc.

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https://www.accesswire.com/711988/Crexendo-Declares-Quarterly-Cash-Dividend-of-0005-per-Common-Share

FAQ

What is the dividend amount announced by Crexendo in August 2022?

Crexendo announced a quarterly cash dividend of $0.005 per common share.

When will the dividend be paid to stockholders?

The dividend will be paid on September 2, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is August 23, 2022.

Has Crexendo declared dividends previously?

Yes, Crexendo paid a previous quarterly dividend of $0.005 per common share on June 10, 2022.

What is Crexendo known for?

Crexendo is known for its Unified Communications as a Service (UCaaS) solutions and has over two million end users.