Phoenix New Media Ltd FENG

Communication Services

Phoenix New Media Ltd is a media company principally engaged in the provision of content on an integrated Internet platform, including personal computer (PC) and mobile, in China. The Company operates its businesses through two segments, including Net Advertising Services segment and Paid Services segment. The Company's content is organized in verticals such as news, military affairs, video, technology, finance, entertainment, automobile, sports, real estate, and home living. The Company's main content distribution channels include its PC websites, mobile news application, mobile video application, mobile digital reading applications and mobile Internet websites. The Company offers a wide variety of paid services primarily through its mobile channel and operations with the telecom operators and other third parties.

NYSE:FENG - Post by User

Phoenix New Media Ltd > Selling 30% of company for $448 million, mk $330 mil

<< Previous

Bullboard Posts

Comment by CougerMilkon Nov 19, 2020 11:03am

88 Views

Post# 31930655

RE:RE:RE:Selling 30% of company for $448 million, mk $330 mil

CougerMilk wrote: Well, here's the answer: special cash dividend - Yippee

https://stockhouse.com/news/press-releases/2020/11/19/phoenix-new-media-announces-special-cash-dividend-of-us-1-3712-per-ads

If revenues follow the Q# forecast, then I suppose we could see another big dividend next year. A massive, but irregular cash cow.

<< Previous

Bullboard Posts

Changing Europe’s dependency on HREE from China