NEW YORK, March 10, 2011 /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 $0.04 per share. The dividend is payable on April 7, 2011 to stockholders of record on March 21, 2011. The ex-dividend date is March 17, 2011.
"The Company's continued strong cash position is such that the Board of Directors and I are pleased to maintain the quarterly dividend at this level," stated R. Cromwell Coulson, President and CEO of OTC Markets Group. "Our cash dividend is 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 the OTCQX® marketplace, the premier tier of the U.S. OTC equity market.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX® (the quality controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies) and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
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, 2009. 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.