Zedge Increases Quarterly Cash Dividend by 25%

Rhea-AI Summary

Zedge (NYSE AMERICAN:ZDGE) announced a 25% increase to its quarterly cash dividend, from $0.016 to $0.02 per share, representing an annualized dividend of $0.08 per share. The Board cited 31% YoY free cash flow growth, a debt-free balance sheet and $19.1 million in cash as support for the raise.

Record date is April 6, 2026 and payment date is April 15, 2026. Management said the increase will be funded by free cash flow while preserving investment and buyback optionality.

Positive

• Quarterly dividend raised by 25% to $0.02 per share
• Annualized dividend equals $0.08 per share
• Free cash flow increased 31% year-over-year
• Balance sheet is debt-free with $19.1 million cash

Negative

• Dividend program has a short five-month track record since initiation
• Ongoing dividend increases may pressure cash if free cash flow weakens

Strong Free Cash Flow Generation and Balance Sheet, and Confidence in the Company's Prospects Support 25% Increase to $0.02 Per Share

NEW YORK, NY / ACCESS Newswire / March 25, 2026 / Zedge, Inc. (NYSE AMERICAN:ZDGE), $ZDGE, a leader in digital marketplaces and interactive games that provide content, enable creativity, empower self-expression and facilitate community, today announced that its Board of Directors has approved a 25% increase to its quarterly cash dividend, from $0.016 to $0.02 per share, reflecting the Company's confidence in its business prospects and ongoing free cash flow generation.

Jonathan Reich, Zedge's CEO, commented:

"In our second quarter results, we reported record revenue, ARPMAU, active subscriptions and Zedge Premium GTV. Free cash flow increased 31% year over year, and our balance sheet remains debt-free with $19.1 million in cash. It is against this backdrop that we are raising our quarterly dividend by 25% to $0.02 per share, funded by our free cash flow. We initiated a quarterly dividend just five months ago, and the broad-based record performance we have seen since then gives us the confidence to implement this increase. As we have said from the start, this does not come at the expense of our ability to invest in innovation and growth or repurchase shares when market conditions warrant. Our financial position allows us to do all of these concurrently."

Dividend Details:

• Quarterly Dividend Amount: $0.02 per share of class B common stock, representing an annualized dividend of $0.08 per share;

• Prior Quarterly Dividend Amount: $0.016 per share;

• Record Date: April 6, 2026;

• Payment Date: April 15, 2026.

About Zedge

Zedge empowers tens of millions of consumers and creators each month with its suite of interconnected platforms that enable creativity, self-expression and e-commerce and foster community through fun competitions. Zedge's ecosystem of product offerings includes the Zedge Marketplace, a freemium marketplace offering mobile phone wallpapers, video wallpapers, ringtones, notification sounds, and pAInt, a generative AI image and audio maker; GuruShots, "The World's Greatest Photography Game," a skill-based photo challenge game; and Emojipedia, the #1 trusted source for 'all things emoji.'

For more information, visit: investor.zedge.net

Follow us on X: @Zedge

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Forward-Looking Statements

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.

Contact:

Brian Siegel, IRC, MBA
Senior Managing Director
Hayden IR
(346) 396-8696
brian@haydenir.com

SOURCE: Zedge, Inc.

View the original press release on ACCESS Newswire

FAQ

What dividend change did Zedge (ZDGE) announce on March 25, 2026?

Zedge increased its quarterly cash dividend by 25% to $0.02 per share. According to the company, the raise reflects record operating metrics and is funded by free cash flow while preserving investment flexibility.

When are the record and payment dates for Zedge (ZDGE) dividend in April 2026?

The record date is April 6, 2026 and the payment date is April 15, 2026. According to the company, shareholders of record on April 6 will be eligible for the April 15 cash payment.

How does Zedge (ZDGE) justify the dividend increase to shareholders?

Zedge cites a 31% year-over-year increase in free cash flow and a debt-free balance sheet with $19.1 million cash. According to the company, these metrics support raising the quarterly payout while keeping investment and buyback optionality.

What is the new annualized dividend rate for Zedge (ZDGE) after the raise?

The new annualized dividend is $0.08 per share, based on the $0.02 quarterly payout. According to the company, this annualized rate follows the dividend program initiated five months earlier.

Does the Zedge (ZDGE) dividend increase affect share repurchase or investment plans?

Management said the dividend increase does not preclude investments or share repurchases when warranted. According to the company, its cash position and free cash flow allow concurrent investment and shareholder returns.