Crexendo Declares Quarterly Cash Dividend of $0.005 per Common Share

Rhea-AI Summary

Crexendo, Inc. (NASDAQ:CXDO) declared a quarterly cash dividend of $0.005 per common share on March 14, 2023, scheduled for payment on April 11, 2023. Stockholders on record by March 31, 2023, will receive this dividend. The previous dividend was also $0.005 per share, paid on December 8, 2022. Future dividends are contingent upon Board approval. Crexendo is recognized for its cloud communication platform and services, supporting over three million end users globally.

Positive

• Quarterly cash dividend of $0.005 per share indicates shareholder returns.
• Consistent dividend payments demonstrate financial stability.

Negative

• Future dividends subject to Board approval may create uncertainty for investors.

PHOENIX, AZ / ACCESSWIRE / March 21, 2023 / Crexendo, Inc. (NASDAQ:CXDO) today announced that on March 14, 2023, its Board of Directors declared a quarterly cash dividend of $0.005 per common share to be paid on April 11, 2023, to all stockholders of record as of the close of business on the March 31, 2023.

Crexendo's previous quarterly dividend of $0.005 per common share was paid on December 8, 2022. Future dividends will be subject to Board approval.

About Crexendo

Crexendo, Inc. is an award-winning premier provider of cloud communication platform and services, video collaboration and managed IT services designed to provide enterprise-class cloud solutions to any size business. Our solutions currently support over three million end users globally.

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, 2022, 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.

CONTACTS:

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

Investor Relations Contact:
Gateway Investor Relations
Matt Glover and Tom Colton
949-574-3860
CXDO@gatewayir.com

SOURCE: Crexendo, Inc.

View source version on accesswire.com:
https://www.accesswire.com/745074/Crexendo-Declares-Quarterly-Cash-Dividend-of-0005-per-Common-Share

FAQ

What is the dividend amount for CXDO?

The dividend amount for CXDO is $0.005 per common share.

When will the CXDO dividend be paid?

The CXDO dividend will be paid on April 11, 2023.

Who is eligible for the CXDO dividend?

Stockholders of record as of March 31, 2023, are eligible for the CXDO dividend.

How often does Crexendo pay dividends?

Crexendo has paid quarterly dividends, with the latest being $0.005 per share.

Is the dividend for CXDO sustainable?

Future dividends are subject to Board approval, indicating potential variability.