Lo behold, no more sale talks. TheStreet.com has initiated a dividend policy this morning…Starting next month, its investors will be on the receiving end of quarterly dividends to the tune of $0.025 per share. The company is good for it. It generated $5.8 million in income from continuing operations last year, and it will take less than half of that to cover this year’s distributions. It also happens to have $33.2 million in cash on its balance sheet.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post