National CineMedia, Inc. Announces Quarterly Cash Dividend of $0.22 Per Share
August 02 2017 - 4:05PM
Business Wire
National CineMedia, Inc. (NASDAQ: NCMI) (“the Company” or
“NCM”), the managing member and owner of 39.3% of National
CineMedia, LLC (“NCM LLC”), the operator of the largest digital
in-theater media network in North America, today announced that its
Board of Directors has authorized the Company’s regular quarterly
cash dividend of $0.22 per share of common stock. The dividend will
be paid on August 31, 2017 to stockholders of record on August 12,
2017. The Company intends to pay a regular quarterly dividend for
the foreseeable future at the discretion of the Board of Directors
consistent with the Company’s intention to distribute over time a
substantial portion of its free cash flow. The declaration,
payment, timing and amount of any future dividends payable will be
at the sole discretion of the Board of Directors who will take into
account general economic and advertising market business
conditions, the Company’s financial condition, available cash,
current and anticipated cash needs, and any other factors that the
Board of Directors considers relevant.
About National CineMedia, Inc.
National CineMedia (NCM) is America's Movie Network. As the #1
Millennial weekend network in the U.S., NCM is the connector
between brands and movie audiences. According to Nielsen, more than
750 million moviegoers annually attend theaters that are currently
under contract to present NCM's pre-show in over 45 leading
national and regional theater circuits including AMC Entertainment
Inc. (NYSE:AMC), Cinemark Holdings, Inc. (NYSE:CNK) and Regal
Entertainment Group (NYSE: RGC). NCM's cinema advertising network
offers broad reach and unparalleled audience engagement with over
20,500 screens in over 1,600 theaters in 187 Designated Market
Areas® (all of the top 50). NCM Digital goes beyond the big screen,
extending in-theater campaigns into online and mobile marketing
programs to reach entertainment audiences. National CineMedia, Inc.
(NASDAQ:NCMI) owns a 39.3% interest in, and is the managing member
of, National CineMedia, LLC. For more information, visit
www.ncm.com.
Forward-Looking Statements
This press release contains various forward-looking statements
that reflect management’s current expectations or beliefs regarding
future events, including the dividend policy. Investors are
cautioned that reliance on these forward-looking statements
involves risks and uncertainties. Although the Company
believes that the assumptions used in the forward-looking
statements are reasonable, any of these assumptions could prove to
be inaccurate and, as a result, actual results could differ
materially from those expressed or implied in the forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20170802006137/en/
National CineMedia, Inc.INVESTOR CONTACT:Ted
Watson, 800-844-0935investors@ncm.comorMEDIA CONTACT:Amy
Jane Finnerty, 212-931-8117amy.finnerty@ncm.com
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