Corus Board Approves Dividend for Class A and B Shareholders
Corus Entertainment’s Board of Directors has approved an increase to its semi-annual dividend, for holders of its Class A and Class B shares, to $0.045 and $0.05 respectively.
The Company’s dividend will be paid on June 30, 2005 to shareholders of record at the close of business on June 15, 2005.
“The Company’s free cash flow continues to grow and our business prospects remain positive. Our objective is to ultimately deliver a dividend yield comparable to our media company peers,” said Heather Shaw, Executive Chair of Corus Entertainment.
There were 1,724,929 Class A voting shares outstanding and 41,041,401 Class B non-voting shares outstanding on February 28, 2005.
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