Acorn International Announces Dividend Policy, to Report First Quarter 2019 Earnings on May 22, 2019
ACORN INTL (ATV)
US:NYSE Investor Relations:
acorninternationalir.com/home/category/press-release
Company Research
Source: PR Newswire
SHANGHAI, May 20, 2019 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company") today announced that on May 14, 2019, its board of directors declared a cash dividend for 2018 of US$0.05 per ordinary share, or approximately US$1.00 per American depositary share ("ADS"), each of which represents twenty ordinary shares. The board also approved a quarterly dividend for the first quarter of 2019 of US$0.0125 per ordinary share, or US$0.25 per ADS, and announced a dividend policy calling for a recurring quarterly dividend of US$0.0125 per ordinary share, or US$0.25 per ADS, subject to quarterly review, approval and declaration by the board. This policy does not replace the possibility of special dividends from time to time.Record holders of the Company's ordinary shares at the close of business US Eastern Time on June 5, 2019 (the "Record Date") will be entitled to receive the cash dividends for 2018 and the first quarter of 2019. The Company expects Citibank N.A.
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