Business
The Marketing Alliance Declares Special Cash Dividend of $0.07 Per Share; Announces Change in Timing of Annual Cash Dividend to Better Align with Fiscal Year
The Marketing Alliance Declares Special Cash Dividend of $0.07 Per Share; Announces Change in Timing of Annual Cash Dividend to Better Align with Fiscal Year.
About this update from Marketing Alliance, Inc. (the)
[{"type":"text","content":"\n \n The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), today \n announced that its board of directors has declared a $0.07 per share \n special cash dividend for shareholders of record on January 4, 2019, to \n be paid on or about January 31, 2019. The Company intends this special \n cash dividend to represent a portion of what has historically been a \n single annual cash dividend to shareholders.\n \n \n The Company also announced that it intends to change the payout timing \n of its annual cash dividend to shareholders from what has historically \n been January to on or about April, beginning in 2019, to better align \n the Company’s dividend payout with its fiscal year ending March 31st.\n \n \n The Company plans to make an announcement regarding cash dividends for \n shareholders no later than April 30, 2019, subject to business and \n market conditions and board of directors approval.\n \n \n Last year, the Company authorized a $0.23 per share cash dividend. Since \n 1996, when The Marketing Alliance was founded, the Company has 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 14 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. Examples \n of forward-looking statements include, among others, statements we make \n regarding our intentions to declare and pay dividends in the future and \n our ex...