Stamford, Connecticut – The Board of Directors of CTM Media Holdings, Inc. (OTC Pink Markets: CTMMA, CTMMB) decided yesterday to increase the amount of its quarterly dividend from $1.20 per share to $1.63 per share to holders of its Class A, Class B and Class C common stock.
The dividend will be paid on or about October 1, 2014 to stockholders of record of as of the close of business on September 23, 2014. The declaration of future dividends will be at the discretion of the Board of Directors and will depend on the Company’s financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination by the Board that dividends are in the best interest of stockholders at that time.
CTM Media Holdings, Inc., a Delaware corporation, is a holding company consisting of the following principal businesses:
- CTM Media Group, our brochure distribution company and other advertising based product initiatives focused on small to medium sized businesses
- Our majority interest in Idea and Design Works, LLC, a comic book and graphic novel publisher that creates and licenses intellectual property.
This press release contains statements that constitute forward-looking statements. These forward looking statements may use such forward-looking terminology as “expect,” “look,” “believe,” “plan,” “anticipate,” “may,” “will,” “intend” or similar statements or variations of such terms or otherwise express views concerning trends and the future. Such forward-looking statements involve certain risks and uncertainties. Actual results may differ materially from such forwardlooking statements. CTM Media Holdings, Inc. assumes no obligation for updating any such forward-looking statement at any time.