Pink OTC Markets Inc. Announces Quarterly Cash Dividend
NEW YORK, March 4 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (Pink Sheets: PINK) 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 8, 2010 to stockholders of record on March 22, 2010. The ex-dividend date is March 18, 2010.
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"The Company's continued strong operating results are 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 Pink OTC Markets. "Pink OTC's 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."
On September 16, 2009, Pink OTC Markets' Class A Common Stock began trading on the Pink Sheets' Current Information tier in the U.S. OTC market. In March 2010, we plan to list our Class A Common Stock on the OTCQX® marketplace.
About Pink OTC Markets Inc.
Pink OTC Markets Inc. (Pink Sheets: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market. The OTCQX and Pink Sheets® marketplaces that we operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our technology platform provides a comprehensive suite of information products and trading services for OTC market participants. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.otcmarkets.com and www.otcqx.com or contact us at [email protected].
Cautionary Statement:
This document 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 words "expect," "project," "may," "might," potential," and similar terms. Pink OTC Markets Inc. ("Pink OTC", "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 Pink OTC'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.
SOURCE Pink OTC Markets Inc.
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