OTC Markets Group Announces Quarterly Cash Dividend
NEW YORK, March 16, 2012 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) announced today that its Board of Directors authorized a quarterly cash dividend on its Class A common stock of $0.05 per share. The $0.05 dividend represents a $0.01 increase over the Company's previous dividend payments. The dividend is payable on April 5, 2012 to stockholders of record on March 20, 2012. The ex-dividend date is March 16, 2012.
"The Company's continued growth and strong cash position are such that the Board of Directors is pleased to raise the quarterly dividend to this level," stated R. Cromwell Coulson, President and CEO of OTC Markets Group. "Our cash dividend is an integral part of our overall focus on providing our investors with a return on their invested capital as we build long-term shareholder value."
OTC Markets Group's Class A Common Stock trades on the OTCQX® marketplace, the intelligent marketplace for the best OTC companies.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest Open, Transparent and Connected marketplace platform, delivering price transparency in over 10,000 OTC securities. Our OTC Link trading system directly links broker-dealers that provide liquidity and execution services. We organize the wide spectrum of OTC-traded securities into three marketplaces to inform investors of opportunities and risks – OTCQX® - The Intelligent Marketplace for the Best OTC Companies; OTCQB® - The Venture Marketplace; and OTC Pink® - The Open Marketplace. Our information-driven platform provides the information to intelligently trade through any broker at the best possible price, and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent and Connected marketplaces, visit www.otcmarkets.com.
Forward –Looking Statements
Information set forth in this news release contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the works "expect," project," may," might," "potential," and similar terms. OTC Markets Group Inc. ("OTC Markets Group," "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond OTC Markets Group's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in our Annual Report for the year ended December 31, 2010. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
SOURCE OTC Markets Group Inc.Back to top