{"id":464681,"date":"2021-03-24T18:03:23","date_gmt":"2021-03-24T22:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464681"},"modified":"2021-03-24T18:03:23","modified_gmt":"2021-03-24T22:03:23","slug":"stingray-declares-quarterly-dividend-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stingray-declares-quarterly-dividend-to-shareholders\/","title":{"rendered":"Stingray Declares Quarterly Dividend to Shareholders"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MONTREAL, March  24, 2021  (GLOBE NEWSWIRE) &#8212; Stingray Group Inc. (TSX: RAY.A; RAY.B) (\u201cStingray\u201d or the \u201cCorporation\u201d) today announced that the Board of Directors has declared a quarterly dividend of $0.075 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 15, 2021, to shareholders on record as of May 31, 2021.<\/p>\n<p align=\"justify\">The Corporation\u2019s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant.<\/p>\n<p align=\"justify\">The dividends paid are designated as &#8220;eligible&#8221; dividends for the purposes of the <em>Income Tax Act<\/em> (Canada) and any corresponding provisions of provincial and territorial tax legislation.<\/p>\n<p align=\"justify\">\n        <strong>About Stingray<\/strong><br \/>\n        <br \/>Montreal-based Stingray (TSX: RAY.A; RAY.B) is a leading global music, media, and technology company with over 1,200 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels,\u00a0over 100 radio stations,\u00a0SVOD content, 4K UHD television channels,\u00a0FAST channels,\u00a0karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 150 million times. Stingray reaches 400 million subscribers (or users) in 160 countries.\u00a0For more information:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dnGbu5avqGCsVgXmCW1lERaMqoWk5tpeAQByjbg9OhRZYBNq41DE5cr93MX-tRKL1_G4AILpwH294utdpguumg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.stingray.com<\/a>.<\/p>\n<p align=\"justify\">\n        <u>Contact information:<\/u>\n      <\/p>\n<p>Mathieu Peloquin<br \/>Senior Vice-President, Marketing and Communications<br \/>Stingray Group Inc.<br \/>(514) 664-1244, ext. 2362<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Y9AP2tMHpE26_EgS2Vpj4Ur8iK3wCuvelp9QPBVy6urMru8BYx-b2mh299geqjrNESrbn97MucahNdFrqWf5tCShxI8IRP6e6Km5VSCnYfU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mpeloquin@stingray.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTk2OCM0MDkwNDIzIzIwODY5MTM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/526e1718-7977-43cc-aab0-60a2b28601b7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONTREAL, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Stingray Group Inc. (TSX: RAY.A; RAY.B) (\u201cStingray\u201d or the \u201cCorporation\u201d) today announced that the Board of Directors has declared a quarterly dividend of $0.075 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 15, 2021, to shareholders on record as of May 31, 2021. The Corporation\u2019s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant. The dividends paid are designated as &#8220;eligible&#8221; dividends for the purposes of the Income Tax &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stingray-declares-quarterly-dividend-to-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stingray Declares Quarterly Dividend to Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464681","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stingray Declares Quarterly Dividend to Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stingray-declares-quarterly-dividend-to-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stingray Declares Quarterly Dividend to Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MONTREAL, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Stingray Group Inc. (TSX: RAY.A; RAY.B) (\u201cStingray\u201d or the \u201cCorporation\u201d) today announced that the Board of Directors has declared a quarterly dividend of $0.075 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 15, 2021, to shareholders on record as of May 31, 2021. The Corporation\u2019s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant. 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