Scripps declares fourth-quarter 2020 dividend

Rhea-AI Summary

The E.W. Scripps Company (NASDAQ: SSP) has declared a cash dividend of 5 cents per share for the fourth quarter of 2020. Shareholders of record as of December 15, 2020 will receive their dividends payable on December 24, 2020. This dividend will be drawn from the company's surplus funds. Scripps is poised to become the largest television broadcaster in the U.S. with the acquisition of ION Media, potentially reaching 73% of U.S. TV households through 108 stations across 76 markets.

Positive

• Declared a cash dividend of 5 cents per share.
• Shareholders will receive dividends on December 24, 2020.
• Acquisition of ION Media to expand reach to 73% of U.S. TV households.

Negative

• None.

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CINCINNATI, Nov. 4, 2020 /PRNewswire/ -- The board of directors of The E.W. Scripps Company (NASDAQ: SSP) has declared a cash dividend for the fourth quarter of 2020.

Scripps shareholders of record as of Dec. 15, 2020, will receive 5 cents per share, payable on Dec. 24, 2020. The dividend will be paid out of the company's surplus.

About Scripps
The E.W. Scripps Company (NASDAQ: SSP) is one of the nation's leading media companies, focused on creating a better-informed world through a portfolio of news, information and entertainment brands. Scripps will become the nation's largest television broadcaster, reaching 73% of U.S. television households through 108 stations in 76 markets, pending regulatory approval of its acquisition of ION Media. Committed to serving local audiences through objective journalism, Scripps operates 60 local TV stations in 42 markets. It is creating a national TV networks business that will include ION Media's entertainment programming, Newsy's straightforward headline and documentary news content and the five popular Katz broadcast networks including Bounce and Court TV. Scripps runs an award-winning investigative reporting newsroom in Washington, D.C., and is the longtime steward of the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."

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SOURCE The E.W. Scripps Company

FAQ

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What is the dividend amount declared by Scripps for Q4 2020?

Scripps declared a cash dividend of 5 cents per share for Q4 2020.

When will Scripps pay the dividend for the fourth quarter?

The dividend will be paid on December 24, 2020.

Who is eligible to receive the Scripps dividend?

Shareholders of record as of December 15, 2020, are eligible to receive the dividend.

What percentage of U.S. households will Scripps reach after acquiring ION Media?

Scripps will potentially reach 73% of U.S. television households post-acquisition.