MarketWise Declares Dividend on Common Stock

Rhea-AI Summary

MarketWise, Inc. (NASDAQ: MKTW) declared a quarterly cash dividend of $0.01 per share for Class A common stock and $0.01 per unit for MarketWise, units. The payment date is June 25, 2024, with a Record Date of May 15, 2024. MarketWise is a digital subscription service platform providing financial research and tools for investors.

BALTIMORE, May 03, 2024 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (“MarketWise” or “the Company”), a leading multi-brand digital subscription services platform that provides premium financial research, software, education, and tools for self-directed investors, today announced that its Board of Directors declared a quarterly cash dividend to holders of Class A common stock of $0.01 per share. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. The dividend and distribution will be paid on June 25, 2024. The Record Date is May 15, 2024.

About MarketWise
Founded with a mission to level the playing field for self-directed investors, today MarketWise is a leading multi-brand subscription services platform providing premium financial research, software, education, and tools for investors.

With more than 20 years of operating history, MarketWise serves a community of millions of Free and Paid Subscribers. MarketWise’s products are a trusted source for high-value financial research, education, actionable investment ideas, and investment software. MarketWise is a 100% digital, direct-to-customer company offering its research across a variety of platforms including mobile, desktops, and tablets. MarketWise has a proven, agile, and scalable platform and our vision is to become the leading financial solutions platform for self-directed investors.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s performance and ability to generate cash flow. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including those described in the “Risk Factors” section of the Company’s most recently filed periodic reports on Forms 10-K and 10-Q. The Company assumes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future, unless required by law.

MarketWise Investor Relations Contact Information
(800) 290-4113
Email: ir@marketwise.com

MarketWise Media Contact
Email: media@marketwise.com

FAQ

What dividend was declared by MarketWise, Inc.?

MarketWise declared a quarterly cash dividend of $0.01 per share for Class A common stock and $0.01 per unit for MarketWise, units.

When will the dividend be paid by MarketWise, Inc.?

The dividend will be paid on June 25, 2024.

What is the Record Date for MarketWise, Inc.'s dividend?

The Record Date is May 15, 2024.

What does MarketWise, Inc. offer as a company?

MarketWise is a digital subscription service platform providing financial research, software, education, and tools for investors.

How long has MarketWise been operating?

MarketWise has more than 20 years of operating history.

What is MarketWise's vision?

MarketWise aims to become the leading financial solutions platform for self-directed investors.