Regal Entertainment Group Declares Extraordinary Cash Dividend of $1.40 per Share and Intends to Increase Quarterly Dividend by 17% to $0.21 per Share
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Symbol Price Change § RGC 14.56 +0.80 § Press Release Source: Regal Entertainment Group On Wednesday December 1, 2010, 4:01 pm EST KNOXVILLE, Tenn.--(BUSINESS WIRE)-- Regal Entertainment Group (NYSE:RGC - News), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, declared an extraordinary cash dividend of $1.40 per Class A and Class B common share, payable on December 30, 2010, to stockholders of record on December 20, 2010. Regal’s Board of Directors also announced its intention to increase Regal’s quarterly dividend by 17% to $0.21 per share beginning with the dividend the Company intends to declare during the first quarter of 2011.
The Company intends to pay a regular quarterly dividend for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows as well as other relevant factors.
“Regal is pleased to announce the extraordinary dividend of $1.40 per share of Class A and Class B common stock,” stated Amy Miles, CEO of Regal Entertainment Group. “In addition, our intention to increase our regular quarterly dividend to $0.21 per share illustrates our belief in the Company’s ability to generate significant free cash flow and our commitment to providing value to our stockholders,” Miles continued.
Today’s announcements will not affect the previously announced dividend of $0.18 per Class A and Class B common share, payable on December 17, 2010, to stockholders of record on December 8, 2010. ----------- Der dicke Hintern hat an der Börse stets mehr Geld gebracht als der schnelle Finger |