Lionsgate Unveils First-Ever Cash Dividend
Top execs cited "financial strength and excellent visibility," as they unveiled the quarterly shareholder payout of 5 cents per common share.
TORONTO – Lionsgate has declared its first-ever cash dividend of 5 cents ($0.05) per common share.
In the wake of the strong release of The Hunger Games: Catching Fire, shareholders in the mini-studio will receive the dividend on Feb. 7, 2014, as Lionsgate underlined recent growth.
"Our outstanding film and TV performance continues to translate into strong financial results,” said Lionsgate CEO Jon Feltheimer and vice chairman Michael Burns in a joint statement on Thursday.
"We’re pleased that our financial strength and excellent visibility enable us to offer our first quarterly dividend, returning value to our shareholders as we continue to grow the company," they added.