Scripps Announces Quarterly Dividend

The E.W. Scripps board has declared a cash dividend for the first quarter of 2018. Shareholders of record as of March 1 will receive 5 cents per share, payable on March 26. This will be the company’s first quarterly dividend since 2008. “The decision by our board to initiate a quarterly dividend is a sign of confidence in the state of our business and faith in our strategy for the future,” said Adam Symson, Scripps CEO. “We’re focused on strengthening our local media operations, anchored by our television stations, while we support the long-term value creation we see in the high-growth businesses we have in Katz, Midroll and Newsy.”