United Online Declares Dividend of $0.15 Per Share
WOODLAND HILLS, Calif. -- November 1, 2013
United Online, Inc. (Nasdaq: UNTD) today announced that its Board of Directors
has declared a cash dividend of $0.15 per share.
The dividend is payable on November 29, 2013 to stockholders of record on
November 14, 2013, and reflects the one-for-seven reverse stock split of
United Online common stock effected earlier today. The payment of future
dividends is discretionary and will be subject to determination by the Board
of Directors each quarter following its review of the company’s financial
performance and other factors.
About United Online^®
United Online,Inc. (Nasdaq: UNTD), through its operating subsidiaries, is a
leading provider of consumer products and services over the Internet, where
their respective brands have attracted a large online audience that includes
more than 100 million registered accounts worldwide. United Online’s Content&
Media segment provides online nostalgia products and services (Classmates and
StayFriends) and online loyalty marketing (MyPoints). Its primary
Communications segment service is Internet access (NetZero and Juno),
including NetZero Mobile Broadband (NetZero Wireless).
Cautionary Information Regarding Forward-Looking Statements
This release contains forward-looking statements within the meaning of the
“safe harbor” provisions of the Private Securities Litigation Reform Act of
1995, as amended. Any future determination as to payment of dividends will
depend upon the financial condition, results of operations and cash flows of
the company and such other factors as are deemed relevant by the Board of
Directors. For example, a change in the company’s business needs, including
working capital and funding for acquisitions, or a change in tax laws relating
to dividends, among other factors, could cause the company’s Board of
Directors to decide to cease the payment of or reduce the dividend in the
future. Information about potential factors that could affect the company’s
business, financial condition, results of operations, and cash flows is
included in the company’s annual and quarterly reports filed with the
Securities and Exchange Commission (http://www.sec.gov), including, without
limitation, information under the captions “Management’s Discussion and
Analysis of Financial Condition and Results of Operations” and “Risk Factors.”
United Online, Inc.
David Bigelow, 818-287-3560
Scott Matulis, 818-287-3388
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