DallasNews Corporation Announces Second Quarter 2022 Dividend

Rhea-AI Summary

DallasNews Corporation (Nasdaq: DALN) has declared a quarterly cash dividend of $0.16 per share on March 3, 2022. This dividend is payable on June 3, 2022 to shareholders of record as of the close of business on May 13, 2022. The company focuses on delivering news through The Dallas Morning News and operates a marketing agency called Medium Giant.

Positive

• Quarterly cash dividend of $0.16 per share announced, providing income for shareholders.

Negative

• Future dividends are not guaranteed, indicating potential financial uncertainty.

DALLAS, March 03, 2022 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) announced today that the Company’s Board of Directors declared a quarterly cash dividend of $0.16 per share on March 3, 2022. The dividend will be payable on June 3, 2022 to shareholders of record at the close of business on May 13, 2022.

About DallasNews Corporation

DallasNews Corporation is the Dallas-based holding company of The Dallas Morning News and Medium Giant. The Dallas Morning News is Texas' leading daily newspaper with a strong journalistic reputation, intense regional focus and close community ties. Medium Giant is a media and marketing agency of divergent thinkers who devise strategies that deepen connections, expand influence, and scale success for clients nationwide. For additional information, visit dallasnewscorporation.com or email invest@dallasnews.com. 

Statements in this communication concerning DallasNews Corporation’s business outlook or future economic performance, revenues, expenses, and other financial and non-financial items that are not historical facts, including statements about the Company’s expectations relating to the reverse stock split, are “forward-looking statements” as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company’s control, and include changes in advertising demand and other economic conditions; consumers’ tastes; newsprint prices; program costs; labor relations; cybersecurity incidents; technological obsolescence; and the current and future impacts of the COVID-19 pandemic. Among other risks, there can be no guarantee that the board of directors will approve a quarterly dividend in future quarters; as well as other risks described in the Company’s Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.

Contact:
Katy Murray
214-977-8869

FAQ

What is the dividend amount declared by DallasNews Corporation (DALN)?

DallasNews Corporation declared a quarterly cash dividend of $0.16 per share.

When is DallasNews Corporation's dividend payment date?

The dividend payment date is June 3, 2022.

What is the record date for the dividend payment from DallasNews Corporation?

The record date for the dividend payment is May 13, 2022.

Is the dividend announced by DallasNews Corporation sustainable?

The company states that there is no guarantee of future dividends, indicating potential sustainability concerns.