WOODLAND HILLS, Calif. -- (BUSINESS WIRE) -- United Online, Inc. (Nasdaq: UNTD) today announced that its Board of Directors has declared a cash dividend of $0.15 per share.
The dividend is payable on November 29, 2013 to stockholders of record on November 14, 2013, and reflects the one-for-seven reverse stock split of United Online common stock effected earlier today. The payment of future dividends is discretionary and will be subject to determination by the Board of Directors each quarter following its review of the company’s financial performance and other factors.
About United Online®
United Online, Inc. (Nasdaq: UNTD), through its operating subsidiaries, is a leading provider of consumer products and services over the Internet, where their respective brands have attracted a large online audience that includes more than 100 million registered accounts worldwide. United Online’s Content & Media segment provides online nostalgia products and services (Classmates and StayFriends) and online loyalty marketing (MyPoints). Its primary Communications segment service is Internet access (NetZero and Juno), including NetZero Mobile Broadband (NetZero Wireless).
Cautionary Information Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Any future determination as to payment of dividends will depend upon the financial condition, results of operations and cash flows of the company and such other factors as are deemed relevant by the Board of Directors. For example, a change in the company’s business needs, including working capital and funding for acquisitions, or a change in tax laws relating to dividends, among other factors, could cause the company’s Board of Directors to decide to cease the payment of or reduce the dividend in the future. Information about potential factors that could affect the company’s business, financial condition, results of operations, and cash flows is included in the company’s annual and quarterly reports filed with the Securities and Exchange Commission (http://www.sec.gov), including, without limitation, information under the captions “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.”