Intersections Inc. 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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