MarketWise Declared A Special Dividend To Shareholders Of Class A Common Stock Of $0.15/Share
Author: Benzinga Newsdesk | October 19, 2023 02:04am
Given the strong balance sheet of the Company, and after a capital allocation review, the Company also announced a special dividend to shareholders of Class A common stock of $0.15 per share. A comparable distribution of $0.15 per unit has also been approved to holders of MarketWise, LLC units. The dividend and distribution, which totals approximately $50 million in the aggregate, will be paid on December 1, 2023, to shareholders and unitholders of record as of November 10, 2023.
The Company announced a regular dividend to shareholders of Class A common stock of $0.01 per share. A comparable distribution of $0.01 per unit has also been approved to holders of MarketWise, LLC units. The dividend and distribution, which totals approximately $2.9 million in the aggregate, will be paid on January 25, 2024, to shareholders and unitholders of record as of December 25, 2023. At June 30, 2023, the Company had a cash balance of $187.0 million.
Posted In: MKTW
