Insiders MUST need more CASH ;>O
ZoomerMedia Limited Announces Declaration of Dividend
GlobeNewswire - 1 hour ago
ZoomerMedia Limited (TSXV:ZUM.VN) (the "Company"), the leader in speaking to and for the 45+ "Zoomer" market in Canada, today announces that its Board of Directors has declared a dividend of $0.0025 on each common and preferred share outstanding, payable on September 2, 2021 to shareholders of record at the close of business on August 18, 2021.
The Company hereby advises that this dividend is designated as an "eligible dividend" as defined by the Income Tax Act (Canada) and any similar provincial or territorial legislation.
"We met the many challenges of the last 18 months - a period characterized by sharp contractions in revenue, experienced especially by our radio, print + shows + conferences divisions - by judicious cost cutting + deferrals + essential, much appreciated, assistance from the Federal Government, every penny of which was spent to support continued employment of all staff. Accordingly, we are proud to say that there have been no layoffs at ZML; not a single one!
Now, with a semblance of normal in view + business prospects brightening; with staff fully preserved + with the end of the CEWS only 2 months away; it's finally time to recognize the patience, loyalty and confidence of shareholders.
This dividend was to have been paid for fiscal 19/20, but was delayed due to uncertainties related to Covid19. Going forward it is the company's intention to continue to pay a dividend every year from now on," said Moses Znaimer, Founder, President and CEO of ZoomerMedia Limited.