The Marketing Alliance, Inc. (OTC: MAAL) ("TMA” or the "Company”), today
announced that its Board of Directors has declared a $0.19 per share
cash dividend for shareholders of record on May 10, 2019, to be paid on
or about May 30, 2019.
The Company also paid a $0.07 per share cash dividend to shareholders on
or about January 31, 2019. The Company intended these two dividends to
represent portions of what has historically been a single annual cash
dividend to shareholders. If added together, the sum of these cash
dividends would be $0.26, which is a 13% increase of the prior year cash
dividend of $0.23 per share.
The Company previously announced that it intended to change the timing
of its annual cash dividend to shareholders from what had historically
been January to on or about April, beginning in 2019, to better align
the Company’s dividend with its fiscal year ending March 31st.
Since its founding in 1996, The Marketing Alliance has paid an aggregate
of over $14.1 million in cash dividends to shareholders. The Company has
paid a dividend every year for the last 14 years and increased the
amount of cash dividends paid each year.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three businesses. TMA
provides support to independent insurance brokerage agencies, with a
goal of providing members value-added services on a more efficient basis
than they can achieve individually. The Company also owns an earth
moving and excavating business and nine children’s play and party
facilities. Investor information can be accessed through the shareholder
section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information.
TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com)
under the symbol "MAAL”.
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