27.11.2017 22:05:00
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The Marketing Alliance Announces Annual Cash Dividend of $0.23 Per Share
The Marketing Alliance, Inc. (OTC:MAAL) ("TMA”), today announced that its Board of Directors has authorized a $0.23 per share cash dividend for shareholders of record on December 29, 2017, to be paid on or about January 31, 2018.
This is TMA’s latest dividend payment to shareholders. This dividend represents a cash disbursement that is an increase of 9.5% over the 2016 cash dividend taking into account the 8:7 stock split distributed on September 15, 2017, which increased the Company’s shares outstanding from 7,028,233 to 8,032,266 shares outstanding after the stock split.
Since 1996, when The Marketing Alliance was founded and with the inclusion of this latest dividend payment, the Company will have paid an aggregate of over $13.6 million in cash dividends to shareholders. The Company has paid a dividend every year for the last fourteen years and increased the amount of cash dividends paid each year.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three businesses. TMA provides support to independent insurance brokerage agencies, with a goal of providing members value-added services on a more efficient basis than they can achieve individually. The Company also owns an earth moving and excavating business and nine children’s play and party facilities. Investor information can be accessed through the shareholder section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.
TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol "MAAL”.
Forward Looking Statement
Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, expectations of the economic environment; material adverse changes in economic conditions in the markets we serve and in the general economy; future regulatory actions and conditions in the states in which we conduct our business; our ability to work with carriers on marketing, distribution and product development; pricing and other payment decisions and policies of the carriers in our insurance distribution business, weather and environmental conditions in the areas served by our earth moving and excavation business, the integration of our operations with those of businesses or assets we have acquired or may acquire in the future and the failure to realize the expected benefits of such acquisition and integration. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171127005902/en/
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