The Marketing Alliance Declares Quarterly Dividend of $0.07 per share

Rhea-AI Summary

The Marketing Alliance, Inc. (OTC: MAAL) has declared a cash dividend of $0.07 per share for shareholders of record on April 23, 2021, payable on or about May 7, 2021. The Company previously announced a shift to quarterly dividend distributions in June 2020 to enhance decision-making based on recent performance data. TMA supports independent insurance brokerages by integrating insurtech platforms to deliver efficient value-added services.

Positive

• Declaration of a $0.07 cash dividend, promoting shareholder confidence.
• Shift to quarterly dividend distributions indicates proactive financial management.

Negative

• None.

The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), today announced that its Board of Directors has declared a $0.07 per share cash dividend for shareholders of record on April 23, 2021, to be paid on or about May 7, 2021.

In June 2020, the Company announced a change in its shareholder distribution plan to move to declare dividend distributions on a quarterly basis to have the benefit of the most recent information to make these decisions.

About The Marketing Alliance, Inc.

Headquartered in St. Louis, MO, TMA provides support to independent insurance brokerage agencies, with a goal of integrating insurtech engagement platforms to provide members value-added services on a more efficient basis than they can achieve individually.

Investor information can be accessed through the shareholder section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.

TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”.

Forward Looking Statement

Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Examples of forward-looking statements include, among others, statements TMA makes regarding our expectations for our performance, and our ability and intent to pay dividends, in future periods. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks and uncertainties, including without limitation unanticipated developments that prevent or delay payment of dividends and other financial, operational and legal risks and uncertainties detailed from time to time in TMA’s cautionary statements contained in its public disclosures with respect to its financial condition and results of operations. While TMA may elect to update forward-looking statements at some point in the future, TMA specifically disclaims any obligation to do so.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210409005400/en/

FAQ

What is the dividend amount declared by The Marketing Alliance (MAAL)?

The Marketing Alliance has declared a dividend of $0.07 per share.

When will the dividend for MAAL be paid?

The dividend is scheduled to be paid on or about May 7, 2021.

What is the record date for the dividend payment for MAAL?

The record date for the dividend payment is April 23, 2021.

How often does The Marketing Alliance pay dividends?

The Marketing Alliance has moved to declare dividends on a quarterly basis.

What does The Marketing Alliance do?

The Marketing Alliance provides support to independent insurance brokerage agencies through insurtech engagement platforms.