Market Overview

Intersections Announces Special Dividend of $0.50/Share

Share:

Intersections (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' 10th 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,

See full press release

Posted-In: News Guidance Contracts Management Global

 

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