Business
The Marketing Alliance Declares Quarterly Dividend of $0.05; Announces Planned Change in Distribution Payment Frequency
The Marketing Alliance Declares Quarterly Dividend of $0.05; Announces Planned Change in Distribution Payment Frequency.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\nThe Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), today announced that its Board of Directors has declared a $0.05 per share cash dividend for shareholders of record on June 19, 2020, to be paid on or about June 30, 2020.\n\n\nThe Company also 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.\n\n\nTimothy M. Klusas, TMA’s Chief Executive Officer, commented, “We know dividends are an important component of investment return to our shareholders. We also felt the most responsible plan, given the current uncertainty surrounding economic conditions following the onset of the COVID-19 pandemic, was to move our planned distributions to a quarterly basis. A quarterly interval would provide additional time and up-to-date information to continue to make assessments as circumstances could change on a nearly daily basis. Whereas investors were previously evaluating our distributions through an annual dividend, we would prefer the same investors compare that to the sum of distributions over the same yearly time period.”\n\n\nAbout The Marketing Alliance, Inc.\n\n\nHeadquartered in St. Louis, MO, TMA operates three businesses. TMA provides support to independent insurance brokerage agencies, with a goal of providing members value-added services on a more efficient basis than they can achieve individually. The Company also owns an earth moving and excavating (construction) business and six children’s play and party facilities. Investor information can be accessed through the shareholder section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.\n\n\nTMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”.\n\n\nForward Looking Statement\n\n\nInvestors 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 we make regarding our expectations for our performance, and our ability and intent to pay dividends, in future periods and the production of favorable returns to shareholders, our ability to obtain ...