TheStreet.com To Pay 2.5C Quarterly Dividend
By Rafat Ali - Tue 21 Feb 2006 09:03 AM PST
Lo behold, no more sale talks. TheStreet.com has initiated a dividend policy this morning...Starting next month, its investors will be on the receiving end of quarterly dividends to the tune of $0.025 per share. The company is good for it. It generated $5.8 million in income from continuing operations last year, and it will take less than half of that to cover this year’s distributions. It also happens to have $33.2 million in cash on its balance sheet.
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