STOCK TITAN

DallasNews Corporation Announces Third Quarter 2022 Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

DallasNews Corporation (NASDAQ: DALN) announced a quarterly cash dividend of $0.16 per share on May 12, 2022. This dividend will be payable on September 2, 2022 to shareholders of record by the close of business on August 12, 2022. The company emphasizes its strong community ties through its flagship publication, The Dallas Morning News, and its marketing agency, Medium Giant. However, future dividends are subject to board approval and various uncertainties that could impact the company.

Positive
  • Declaring a quarterly cash dividend of $0.16 per share enhances shareholder value.
  • The company maintains strong community engagement through its media channels.
Negative
  • No guarantee of future dividend payments as they require board approval.
  • Potential risks include changes in advertising demand and economic conditions.

DALLAS, May 12, 2022 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) announced today that its Board of Directors declared a quarterly cash dividend of $0.16 per share on May 12, 2022. The dividend will be payable on September 2, 2022 to shareholders of record at the close of business on August 12, 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 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 DALN in May 2022?

DallasNews Corporation declared a dividend amount of $0.16 per share on May 12, 2022.

When will the DALN dividend be paid?

The dividend will be payable on September 2, 2022.

Who is eligible to receive the September 2022 dividend from DALN?

Shareholders of record as of the close of business on August 12, 2022, are eligible.

Is the DALN dividend sustainable?

Future dividends are subject to board approval and various risk factors that could impact sustainability.

DallasNews Corporation Series A

NASDAQ:DALN

DALN Rankings

DALN Latest News

DALN Stock Data

38.00M
3.91M
5.78%
40.03%
2.21%
Publishing
Newspapers: Publishing Or Publishing & Printing
Link
United States of America
DALLAS