OTC Markets Group Announces Quarterly Cash Dividend
NEW YORK, March 5, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) announced today that its Board of Directors authorized a quarterly cash dividend on its Class A common stock of $0.06 per share. The $0.06 dividend represents a $0.01 increase over the Company's previous quarterly dividend payments. The dividend is payable on March 28, 2013 to stockholders of record on March 15, 2013. The ex-dividend date is March 13, 2013.
"The Company's continued growth and strong cash position are such that the Board of Directors is pleased to raise the quarterly dividend to this level," stated R. Cromwell Coulson, President and CEO of OTC Markets Group. "Our cash dividend is an integral part of our overall focus on providing our investors with a return on their invested capital as we build long-term shareholder value."
OTC Markets Group's Class A Common Stock trades on OTCQX®, The Best Marketplace with Qualified Companies.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to better inform investors of opportunities and risks – OTCQX, The Best Marketplace with Qualified Companies; OTCQB®, The Venture Marketplace with U.S. Reporting Companies; and OTC Pink® The Open Marketplace with Variable Reporting Companies. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC registered ATS.
Forward –Looking Statements
Information set forth in this news release contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the works "expect," project," may," might," "potential," and similar terms. OTC Markets Group Inc. ("OTC Markets Group," "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond OTC Markets Group's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in our Annual Report for the year ended December 31, 2011. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
SOURCE OTC Markets Group Inc.