News Corp today announced plans to pay a cash dividend to stockholders.
Subject to declaration by the Board of Directors, the Company expects to
initiate a semi-annual cash dividend of approximately $0.10 per share in
the first quarter of fiscal 2016, which begins on June 29, 2015, for
payment in the second quarter.
The anticipated dividend would mark the first time the Company has paid
a dividend since the "new" News Corp was established as a separate,
publicly traded company in mid-2013.
“This decision by the Board is a sign of confidence in the state of our
business and faith in our prospects for the future,” said Robert
Thomson, Chief Executive of News Corp. “The planned dividend, combined
with our ongoing buyback and strategy of balancing capital returns with
prudent reinvestment, puts News Corp firmly on track for long-term
growth and value creation.”
“In particular, I would like to note the significant early progress of
realtor.com®, which has now become the fastest-growing
digital real estate site in America. In addition, the integration of
Harlequin with HarperCollins Publishers has created a powerful global
and digital publishing platform,” said Mr. Thomson. “These investments
are already starting to pay off and we expect will bring long-term
benefits to all stockholders.”
Forward-Looking Statements
This document contains certain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management’s views and assumptions regarding
future events and business performance as of the time the statements are
made. Actual results may differ materially from these expectations due
to changes in global economic, business, competitive market and
regulatory and other factors. More detailed information about these and
other factors that could affect future results is contained in News
Corp’s filings with the Securities and Exchange Commission. The
“forward-looking statements” included in this document are made only as
of the date of this document and we do not have any obligation to
publicly update any “forward-looking statements” to reflect subsequent
events or circumstances, except as required by law.
About News Corp
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on creating
and distributing authoritative and engaging content to consumers
throughout the world. The company comprises businesses across a range of
media, including: news and information services, book publishing, cable
network programming in Australia, digital real estate services, digital
education, and pay-TV distribution in Australia. Headquartered in New
York, the activities of News Corporation are conducted primarily in the
United States, Australia, and the United Kingdom. More information is
available at: www.newscorp.com.
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