The Marketing Alliance Announces Annual Cash Dividend of $0.38 Per Share
The Marketing Alliance Announces Annual Cash Dividend of $0.38 Per Share
ST. LOUIS, Mo.--(BUSINESS WIRE)-- The Marketing Alliance, Inc. (OTC: MAAL) ("TMA"), a provider of services and distributor of products to independent insurance agencies throughout the United States, today announced that its Board of Directors authorized a $0.38 per share cash dividend for shareholders of record on December 7, 2012, to be paid on or about December 26, 2012.
This is TMA's latest dividend payment to shareholders. This dividend represents a cash disbursement that is an increase of 20% over the 2011 cash dividend as a result of a 6:5 stock split distributed on October 15, 2012, which increased shares outstanding to 2,510,083 from 2,091,736 shares outstanding prior to the stock split.
About The Marketing Alliance, Inc.
Headquartered in St. Louis, MO, TMA operates three business segments. 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 two 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".
Forward Looking Statement
Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Any forward-looking statements contained in this press release represent our estimates only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our estimates as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, general changes in economic conditions. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so.
The Marketing Alliance, Inc.
Timothy M. Klusas, President
314-275-8713
tklusas@themarketingalliance.com
www.themarketingalliance.com
or
Investor Relations
The Equity Group Inc.
Adam Prior, Vice President
212-836-9606
aprior@equityny.com
Terry Downs, Account Executive
212-836-9615
tdowns@equityny.com
KEYWORDS: United States North America Missouri
INDUSTRY KEYWORDS:
The article The Marketing Alliance Announces Annual Cash Dividend of $0.38 Per Share originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
