Time cuts dividend by 78.9%
Time Inc. (TIME) will cut its quarterly dividend from $0.19 to $0.04 per share.
The lower dividend is payable on June 15, 2017 to all common stockholders of record at the close of business on May 31, 2017.
Time initiated a $0.19 per share quarterly dividend in 2014 and has maintained this payout for the last couple of years. Today's dividend cut will save Time about $60 million in annual dividend payments.
Time Inc. is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. Its brands include People, Time, Fortune, Sports Illustrated, InStyle, Real Simple and Southern Living. Time also has titles in the United Kingdom.
The lower dividend is payable on June 15, 2017 to all common stockholders of record at the close of business on May 31, 2017.
Time initiated a $0.19 per share quarterly dividend in 2014 and has maintained this payout for the last couple of years. Today's dividend cut will save Time about $60 million in annual dividend payments.
Time Inc. is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. Its brands include People, Time, Fortune, Sports Illustrated, InStyle, Real Simple and Southern Living. Time also has titles in the United Kingdom.
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