Marchex Declares Special Dividend For December 31st
Marchex (NASDAQ:MCHX) announced that upon the recommendation and approval of the independent Special Committee of the Board, the company’s Board of Directors has declared a regular quarterly dividend in the amount of $0.035 per share on its common stock for the first, second, third and fourth quarters of 2013 (totaling $0.14 per share) and is accelerating its payment of these dividends into the fourth quarter of 2012.
Stockholders of record on Tuesday, December 18th will be given a dividend of $0.04 per share on Monday, December 31st. This represents a $0.14 dividend on an annualized basis and a yield of 3.33%.
Shares of Marchex (MCHX) traded down 0.24% during mid-day trading on Friday, hitting $4.21. Marchex (MCHX) has a 52 week low of $2.99 and a 52 week high of $7.15.
Marchex, Inc. (MCHX) Marchex will pay the dividends on December 31, 2012 to the holders of record as of the close of business on December 18, 2012. As of December 7, 2012, 9,570,382 shares of Class A common stock and 27,964,815 shares of Class B common stock are outstanding.
The company’s market cap is $143.6 million.
Many companies are declaring higher or special dividends in the 4th quarter prior to tax rates on dividends rising substantially in 2013