Business
The Marketing Alliance Announces Annual Cash Dividend of $0.23 Per Share
The Marketing Alliance Announces Annual Cash Dividend of $0.23 Per Share.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\n \n The Marketing Alliance, Inc. (OTC:MAAL) (“TMA”), today announced \n that its Board of Directors has authorized a $0.23 per share cash \n dividend for shareholders of record on December 29, 2017, to be paid on \n or about January 31, 2018.\n \n \n This is TMA’s latest dividend payment to shareholders. This dividend \n represents a cash disbursement that is an increase of 9.5% over the 2016 \n cash dividend taking into account the 8:7 stock split distributed on \n September 15, 2017, which increased the Company’s shares outstanding \n from 7,028,233 to 8,032,266 shares outstanding after the stock split.\n \n \n Since 1996, when The Marketing Alliance was founded and with the \n inclusion of this latest dividend payment, the Company will have paid an \n aggregate of over $13.6 million in cash dividends to shareholders. The \n Company has paid a dividend every year for the last fourteen years and \n increased the amount of cash dividends paid each year.\n \n \n About The Marketing Alliance, Inc.\n \n \n Headquartered in St. Louis, MO, TMA operates three businesses. TMA \n provides support to independent insurance brokerage agencies, with a \n goal of providing members value-added services on a more efficient basis \n than they can achieve individually. The Company also owns an earth \n moving and excavating business and nine children’s play and party \n facilities. Investor information can be accessed through the shareholder \n section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.\n \n \n TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) \n under the symbol “MAAL”.\n \n \n Forward Looking Statement\n \n \n Investors are cautioned that forward-looking statements involve risks \n and uncertainties that may affect TMA's business and prospects. Any \n forward-looking statements contained in this press release represent our \n estimates, expectations or intentions only as of the date hereof, or as \n of such earlier dates as are indicated, and should not be relied upon as \n representing our views as of any subsequent date. These statements \n involve a number of risks and uncertainties, including, but not limited \n to, expectations of the economic environment; material adverse changes \n in economic conditions in th...