TheStreet, Inc. Declares Quarterly Dividend
NEW YORK, Jan. 6, 2014 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading digital financial media company, today announced that its Board of Directors has declared a quarterly cash dividend of $0.025 per share, payable on March 31, 2014, to shareholders of record at the close of business on March 14, 2014.
"We are pleased to reinstate a quarterly cash dividend for our shareholders," said Elisabeth DeMarse, Chair and Chief Executive Officer. "With the realignment of our cost structure largely complete, our strong balance sheet affords us the ability to regularly return capital to our shareholders in the form of a dividend while still allowing us the opportunity to pursue accretive acquisitions and make other strategic investments."
TheStreet, Inc. (www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide. The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet, Trifecta and RateWatch. To learn more, visit www.thestreet.com. The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control. To learn more, visit www.thedeal.com.
Chief Financial Officer
Sapphire Investor Relations, LLC
SOURCE TheStreet, Inc.