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A.H. Belo Corporation (TX) (NYSE:AHC)

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All | Notable Share Transactions | Special Dividend

Friday, September 14, 2012

Special Dividend

DALLAS--(BUSINESS WIRE)--A. H. Belo Corporation (NYSE: AHC) announced today that the Company’s Board of Directors declared a special cash dividend of $0.24 per share, and a quarterly cash dividend of $0.06 per share, both payable on December 7, 2012 to shareholders of record at the close of business on November 16, 2012.

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Notable Share Transactions

The Company’s Board of Directors also authorized the repurchase of up to 1,000,000 shares of the Company’s Series A or Series B Common Stock. The Company expects to utilize this repurchase authority from time to time through open market purchases, privately negotiated transactions or otherwise.

Robert W. Decherd, chairman, president and Chief Executive Officer, said, “Our commitment to returning capital to shareholders is a key part of A. H. Belo’s financial strategy. Despite pension funding requirements and various business challenges, the Company has consistently generated cash. As a result, we are able to distribute additional cash to shareholders. The share repurchase authority allows the Company to utilize another avenue to return capital to shareholders as well as take advantage of market conditions from time to time.

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