The Marcus Corporation Declares Quarterly Dividend

Rhea-AI Summary

On March 1, 2023, The Marcus Corporation (NYSE: MCS) announced a quarterly cash dividend of $0.05 per share, set for payment on March 20, 2023, to shareholders on record as of March 13, 2023. Additionally, a dividend of $0.045 per share for Class B common stock was declared, also payable on March 20, 2023. The Marcus Corporation, based in Milwaukee, operates in the lodging and entertainment sectors, owning 1,053 screens across its theatre division and managing 16 hotels and resorts.

Positive

• Quarterly cash dividend of $0.05 per share indicates the company's commitment to returning value to shareholders.
• The Class B stock dividend of $0.045 showcases financial strength across different share classes.

Negative

• None.

MILWAUKEE--(BUSINESS WIRE)-- Directors of The Marcus Corporation (NYSE: MCS) today declared a regular quarterly cash dividend of $0.05 per share of common stock. The dividend will be paid March 20, 2023 to shareholders of record on March 13, 2023.

The Board of Directors also declared a dividend of $0.045 per share on the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid March 20, 2023 to shareholders of record on March 13, 2023.

About The Marcus Corporation

Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporation’s theatre division, Marcus Theatres^®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 1,053 screens at 84 locations in 17 states under the Marcus Theatres, Movie Tavern^® by Marcus and BistroPlex^® brands. The company’s lodging division, Marcus^® Hotels & Resorts, owns and/or manages 16 hotels, resorts and other properties in eight states. For more information, please visit the company’s website at www.marcuscorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230301005962/en/

Thomas F. Kissinger

(414) 905-1390

Source: The Marcus Corporation

FAQ

What is the Marcus Corporation's dividend payment date for March 2023?

The dividend will be paid on March 20, 2023.

What are the details of the Marcus Corporation's dividend for Class B common stock?

The dividend for Class B common stock is $0.045 per share, also payable on March 20, 2023.

Who is eligible to receive the Marcus Corporation's dividend in March 2023?

Shareholders of record on March 13, 2023, will be eligible to receive the dividend.