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Share Name | Share Symbol | Market | Type |
---|---|---|---|
News Corporation | NASDAQ:NWSA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.47 | 1.96% | 24.47 | 24.07 | 24.87 | 24.525 | 24.17 | 24.17 | 2,640,715 | 01:00:00 |
News Corp said Thursday that it plans to start paying out a semiannual cash dividend for the first time since the company separated from 21st Century Fox in 2013.
The company, which publishes The Wall Street Journal, said it expects to initiate a dividend of 10 cents a share in the first quarter of its 2016 fiscal year, beginning on June 29. The dividend will be paid in the second quarter.
The company also said that it has extended its shareholder rights plan, also known as a poison pill, for another three years. Last year, News Corp extended the plan to expire today, giving the company additional time to evaluate options without potential involvement from an outside investor.
The plan will now expire on June 18, 2018.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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