Marchex Announces Special Cash Dividend for Common Stock
December 12 2017 - 09:00AM
Business Wire
Marchex, Inc. (NASDAQ:MCHX), a leading provider of call
analytics that drive, measure, and convert callers into customers,
announced today that the company's Board of Directors has declared
a special cash dividend in the amount of $0.50 per share on its
common stock. Marchex will pay this dividend on March 21, 2018 to
the holders of record as of the close of business on March 8,
2018.
“We’ve made significant strides over the last year in
stabilizing our business. While there is more to do, we are focused
on unlocking the opportunities for value creation within the call
and speech analytics industry,” said Michael Arends, Chief
Financial Officer. “Given the strength of our balance sheet, we
believe we can issue this dividend while continuing to retain the
flexibility to pursue new opportunities. This special dividend is
consistent with our sound capital management policies and our
commitment to providing a meaningful return to our
stockholders.”
Marchex is continuing its strategic review and as part
of this review believes there may be opportunities,
including potential acquisitions, to create strategic,
financial and/or operational advantages and, over time,
additional levers for growth,
profitability, and diversification.
About Marchex
Marchex understands the best customers are those who call your
company - they convert faster, buy more, and churn less. Marchex
provides solutions that help companies drive more calls, understand
what happens on those calls, and convert more of those callers into
customers. Our actionable intelligence strengthens the connection
between companies and their customers, bridging the physical and
digital world, to help brands maximize their marketing investments
and operating efficiencies to acquire the best customers.
Please visit https://www.marchex.com/blog or @marchex on Twitter
(Twitter.com/Marchex), where Marchex discloses material information
from time to time about the company, its financial information, and
its business.
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version on businesswire.com: http://www.businesswire.com/news/home/20171212005490/en/
Marchex, Inc.Investor RelationsTrevor Caldwell,
206-331-3600ir@marchex.comorMedia Inquiries:EdelmanJessie
DiMariano, 206-268-2289jessie.dimariano@edelman.com
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