A.H. Belo Corporation to Issue Quarterly Dividend of $0.08 (AHC)
A.H. Belo Corporation (NYSE:AHC) announced a quarterly dividend on Monday, December 11th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be paid a dividend of 0.08 per share on Friday, March 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date of this dividend is Thursday, February 8th.
A.H. Belo has raised its dividend payment by an average of 4.6% annually over the last three years. A.H. Belo has a payout ratio of 114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of A.H. Belo (AHC) traded up $0.15 during midday trading on Monday, reaching $4.95. The company’s stock had a trading volume of 114,100 shares, compared to its average volume of 26,158. The stock has a market cap of $107.68, a P/E ratio of 82.50 and a beta of 0.74. A.H. Belo has a 12 month low of $4.35 and a 12 month high of $6.90.
A.H. Belo announced that its Board of Directors has initiated a share buyback program on Monday, October 30th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/a-h-belo-corporation-to-issue-quarterly-dividend-of-0-08-ahc/1758059.html.
A.H. Belo Company Profile
A. H. Belo Corporation is a local news and information publishing company. The Company is engaged in providing commercial printing, distribution and direct mail services, as well as media and digital marketing services. The Company operates through two segments: Publishing and Marketing, Event Marketing and Other Services (MEMO).
Receive News & Ratings for A.H. Belo Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A.H. Belo Corporation and related companies with MarketBeat.com's FREE daily email newsletter.