ST. LOUIS, Mo.--(BUSINESS WIRE)--
The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), today announced that its Board of Directors has declared a $0.19 per share cash dividend for shareholders of record on May 10, 2019, to be paid on or about May 30, 2019.
The Company also paid a $0.07 per share cash dividend to shareholders on or about January 31, 2019. The Company intended these two dividends to represent portions of what has historically been a single annual cash dividend to shareholders. If added together, the sum of these cash dividends would be $0.26, which is a 13% increase of the prior year cash dividend of $0.23 per share.
The Company previously announced that it intended to change the timing of its annual cash dividend to shareholders from what had historically been January to on or about April, beginning in 2019, to better align the Company’s dividend with its fiscal year ending March 31st.
Since its founding in 1996, The Marketing Alliance has paid an aggregate of over $14.1 million in cash dividends to shareholders. The Company has paid a dividend every year for the last 14 years and increased the amount of cash dividends paid each year.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three businesses. TMA provides support to independent insurance brokerage agencies, with a goal of providing members value-added services on a more efficient basis than they can achieve individually. The Company also owns an earth moving and excavating business and nine children’s play and party facilities. Investor information can be accessed through the shareholder section of TMA’s website at: .
TMA’s common stock is quoted on the OTC Markets () under the symbol “MAAL”.
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