Marchex Announces Quarterly Dividends
Local online ad company, Marchex Inc. announced today that the company’s Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock and $2.97 per share on its 4.75% convertible exchangeable preferred stock.
The dividends will be paid on February 15th of this year. As of January 17th, 10,959,216 shares of Class A common stock, 29,987,357 shares of Class B common stock and 6, 024 shares of preferred stock are outstanding.
Marchex originally issued 230,000 shares of preferred stock in February of 2005 and dividends with respect thereto are payable on the 15th day of February, May, August and November of each year that such preferred stock remains outstanding.
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