Crexendo Declares Quarterly Dividend of $.005 per Common Share

Rhea-AI Summary

Crexendo, Inc. (NASDAQ:CXDO) announced a quarterly cash dividend of $.005 per share, payable on June 10, 2022, to shareholders on record by May 30, 2022. The company, recognized as the fastest growing UCaaS platform in the U.S., supports over two million end users globally through various sales channels. Crexendo specializes in Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS).

Positive

• Quarterly cash dividend of $.005 enhances income for shareholders.
• Recognition as the fastest growing UCaaS platform indicates strong market position.

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / May 18, 2022 / Crexendo, Inc. (NASDAQ:CXDO) 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 agent partners, reseller partners, licensee partners, and direct sales channels. Crexendo solutions currently support over two million end users globally and was recently recognized as the fastest growing UCaaS platform in the United States. Crexendo announced today that its Board of Directors has approved a quarterly cash dividend of $.005 per Common Share. The dividend is payable on June 10, 2022 to stockholders of record at the close of business on the May 30, 2022.

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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FAQ

What is the dividend amount for Crexendo (CXDO)?

Crexendo has declared a quarterly cash dividend of $.005 per share.

When is the dividend payable for Crexendo (CXDO)?

The dividend is payable on June 10, 2022.

Who is eligible for the dividend from Crexendo (CXDO)?

Shareholders of record at the close of business on May 30, 2022, are eligible.

How many end users does Crexendo support?

Crexendo currently supports over two million end users globally.

What services does Crexendo provide?

Crexendo provides Unified Communications as a Service (UCaaS) and Call Center as a Service (CCaaS).