MarketWise Declared A Special Dividend To Shareholders Of Class A Common Stock Of $0.15/Share
Portfolio Pulse from Benzinga Newsdesk
MarketWise has announced a special dividend of $0.15 per share to Class A common stock shareholders, totaling approximately $50 million. The dividend will be paid on December 1, 2023. The company also declared a regular dividend of $0.01 per share, totaling approximately $2.9 million, to be paid on January 25, 2024. As of June 30, 2023, the company had a cash balance of $187.0 million.
October 19, 2023 | 6:04 am
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POSITIVE IMPACT
MarketWise's declaration of a special dividend and a regular dividend could be a positive signal to investors, potentially leading to a short-term increase in the stock price.
Dividends are often seen as a sign of a company's financial health. The announcement of a special dividend, in addition to a regular dividend, indicates that MarketWise is in a strong financial position. This could attract investors, leading to increased demand for the stock and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100