Marchex (MM) (NASDAQ:MCHXP)
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From Jul 2019 to Jul 2024
Marchex, Inc. (NASDAQ: MCHX) (NASDAQ: MCHXP), a local online advertising
company and leading publisher of local content, today announced that the
company's Board of Directors has declared a regular quarterly dividend
in the amount of $0.02 per share on its common stock and $2.97 per share
on its 4.75% convertible exchangeable preferred stock. Marchex will pay
these dividends on May 15, 2008 to the holders of record as of the close
of business on May 2, 2008. As of April 17, 2008, 10,959,216 shares of
Class A common stock, 29,134,833 shares of Class B common stock and
5,424 shares of preferred stock are outstanding.
Marchex commenced the payment of a regular quarterly cash dividend on
its common stock on February 15, 2007. The company intends to pay a
regular quarterly dividend on its common stock for the foreseeable
future at the discretion of the Board of Directors depending on
available cash, anticipated cash needs, overall financial condition,
future prospects for earnings and cash flows as well as other relevant
factors. Marchex originally issued 230,000 shares of preferred stock in
February 2005 and dividends with respect thereto are payable on the 15th
day of February, May, August and November of each year that such
preferred stock remains outstanding.
About Marchex, Inc.
Marchex (www.marchex.com) is a
local online advertising company and leading publisher of local content.
Marchex's innovative advertising platform delivers search- and
call-based marketing products and services for local and national
advertisers. Marchex's local content network, one of the largest online,
helps consumers make better, more informed local decisions through its
network of content-rich Web sites that reach tens of millions of unique
visitors each month.
Safe Harbor Statement:
This press release contains forward-looking statements that involve
substantial risks and uncertainties. All statements, other than
statements of historical facts, included in this press release regarding
our strategy, future operations, future financial position, future
revenues, projected costs, prospects, plans and objectives of management
are forward-looking statements. We may not actually achieve the plans,
intentions or expectations disclosed in our forward-looking statements
and you should not place undue reliance on our forward-looking
statements. Actual results or events could differ materially from the
plans, intentions and expectations disclosed in the forward-looking
statements we make. There are a number of important factors that could
cause Marchex's actual results to differ materially from those indicated
by such forward-looking statements which are described in the "Risk
Factors" section of our most recent periodic report and registration
statement filed with the SEC. We disclaim any intention or obligation to
update any forward-looking statements.