Interactive Data Declares Dividend
May 21 2008 - 4:19PM
Business Wire
Interactive Data Corporation (NYSE: IDC), a leading provider of
financial market data, analytics and related services to financial
institutions, active traders and individual investors, today
announced that its Board of Directors has declared a quarterly cash
dividend of $0.15 per share of Interactive Data common stock
payable on June 27, 2008 to stockholders of record on June 6, 2008.
This is the Company�s sixth consecutive quarterly cash dividend.
The actual declaration of future quarterly dividends, and the
establishment of record and payment dates, is subject to final
determination of the Board of Directors of Interactive Data.
Interactive Data also announced the successful adoption of four
proposals at the Company�s annual meeting of stockholders, held
earlier today. Specifically, the following nine directors were each
elected to serve one-year terms: Rona A. Fairhead (chairman of the
Board of Directors); Stuart J. Clark; Myra R. Drucker; William T.
Ethridge; Donald P. Greenberg, Ph.D; Caspar J.A. Hobbs; Philip
Hoffman; Robert C. Lamb, Jr.; and Ambassador Carl Spielvogel.
Stockholders also ratified the appointment of Ernst & Young LLP
as Interactive Data�s independent auditors for the fiscal year
ending December 31, 2008. In addition, stockholders approved
amendments to the Company�s 2000 Long-Term Incentive Plan and
approved the Company�s Executive Incentive Plan. In a separate news
release issued earlier this morning, Interactive Data announced
that its Board of Directors has initiated a CEO succession process
after Stuart J. Clark informed the Board of his intention to retire
as president and CEO during 2009. At the Annual Meeting of
Stockholders, Clark delivered a presentation to stockholders in
attendance that detailed the Company's 2007 accomplishments,
highlighted its first-quarter 2008 results and recent achievements,
and today�s news announcement. An archived webcast of the
Interactive Data Annual Meeting, including post-meeting remarks by
Stuart Clark and a brief question-and-answer session, is available
on the investor relations section of the Company's website
(www.interactivedata.com). Forward-looking and Cautionary
Statements This press release contains certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and federal securities laws, and is subject to
the safe-harbor created by such Act and laws. Forward-looking
statements include our statements discussing our goals, beliefs,
strategies, objectives, plans, future financial conditions, results
of operations and cash flows or projections, including those
statements related to any potential future quarterly dividends,
including the timing, nature and financial impact of issuing any
such dividend. These statements are subject to known and unknown
risks, uncertainties, assumptions and other factors that may cause
actual results to be materially different from those contemplated
by the forward-looking statements. Such factors include, but are
not limited to: (i) the ability of our majority shareholder to
exert influence over our affairs, including the ability to approve
or disapprove any corporate actions submitted to a vote of our
stockholders; (ii) the difficulty in predicting our future cash
needs; (iii) the nature of other investment opportunities available
to us from time to time; (iv) our operating cash flow; and (v)
other factors identified in our most recent Annual Report on Form
10-K and Quarterly Report on Form 10-Q filed with the Securities
and Exchange Commission. We undertake no obligation to update these
forward-looking statements. About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global
provider of financial market data, analytics and related services
to financial institutions, active traders and individual investors.
The Company's businesses supply real-time market data,
time-sensitive pricing, evaluations and reference data for millions
of securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support
of their trading, analysis, portfolio management and valuation
activities. Through its businesses, Interactive Data Pricing and
Reference Data, Interactive Data Real-Time Services, Interactive
Data Fixed Income Analytics, and eSignal, the Company has
approximately 2,300 employees in offices located throughout North
America, Europe, Asia and Australia. The Company is headquartered
in Bedford, Mass. Pearson plc (NYSE: PSO; LSE: PSON), an
international media company, whose businesses include the Financial
Times Group, Pearson Education, and the Penguin Group, is
Interactive Data Corporation's majority stockholder. For more
information about Interactive Data Corporation and its businesses,
please visit www.interactivedata.com.
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