Lionsgate (NYSE: LGF), the Canadian-American entertainment company, said today that its Board of Directors has increased the Company’s quarterly cash dividend from seven cents ($0.07) per common share to nine cents ($0.09) per common share. The dividend is payable on November 10, 2015 to shareholders of record as of September 30, 2015.
According a reports, as of November 2013, Lionsgate is the most commercially successful mini major film and television distribution company in North America and the seventh most profitable movie studio.
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“We’re pleased that our continued strong financial performance enables us to return more value to our shareholders by increasing our quarterly dividend, ” said Lionsgate CEO Jon Feltheimer and Vice Chairman Michael Burns. “With the strongest balance sheet in our Company’s history, we’re well positioned to continue executing our strategy of returning capital to our shareholders while reinvesting in our business and exploring strategic opportunities that create additional long-term value.”