Intersections Declares Special $0.50 Dividend
Intersections Inc. (NASDAQ: INTX) announced today that its Board of Directors declared a one-time special cash dividend of $0.50 per share and a quarterly cash dividend of $0.20 per share, both payable on November 30, 2012 to stockholders of record as of November 20, 2012. This represents Intersections' 10^th consecutive ordinary quarterly cash dividend. Based on the closing price on October 25, 2012 of $9.04 per share, our quarterly cash dividend represents an effective annual dividend yield of 8.8 percent, and our special dividend represents an incremental yield to investors of 5.5%. The total pre-tax amount of the special and ordinary dividend payments, together with dividend equivalent payments to holders of options and restricted stock units, will be approximately $14.7 million and will be paid from cash on hand. Future dividends, if any, will depend on, among other things, our results of operations, capital requirements and such other factors as our Board of Directors may at the time consider relevant.
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