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Stock impact report

From Buybacks to Dividends: Zedge (ZDGE) Deepens Shareholder Focus [Yahoo! Finance]

Zedge, Inc. Class B (ZDGE) 
NASDAQ:AMEX Investor Relations: investor.zedge.net
Company Research Source: Yahoo! Finance
On October 14, Zedge, Inc. (NYSEAMERICAN:ZDGE) said its Board of Directors approved the launch of a quarterly cash dividend, adding a new layer to the company's capital return plans. The decision is aimed at increasing shareholder value over time. Starting a regular dividend reflects management's confidence in the company's long-term growth, steady free cash flow generation, and balance sheet strength. Over the past year, Zedge has already returned capital through share repurchases, buying back roughly $4 million of Class B shares as part of its $5 million authorization. The dividend represents the next step in that effort. The company offers a quarterly dividend of $0.016 per share and a dividend yield of 2.01%, as of January 29. Management made it clear that shareholder returns are not coming at the cost of growth. The company continues to invest in product development and innovation. Recent launches, including Tapedeck and SynCat, point to that focus. Zedge has also formed a Show less Read more
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