Business Services Industry
TheStreet.com Declares Quarterly Cash Dividend
Business Wire, Sept 5, 2006
NEW YORK -- TheStreet.com, Inc. (Nasdaq: TSCM), a leading provider of financial commentary, analysis, research, news and ratings announced today that its board of directors has declared the Company's third quarterly cash dividend on its common stock. The cash dividend of $0.025 per share of common stock will be payable on September 29, 2006 to all shareholders of record at the close of business on September 15, 2006. The Company anticipates continuing to pay regular quarterly dividends on its common stock going forward.
"I am pleased that our continued success in executing on our strategic growth plans enables us to continue to reward our shareholders with a cash dividend," said Thomas J. Clarke, Jr., chairman and chief executive officer of TheStreet.com.
TheStreet.com, Inc. reported annual income from continuing operations of $5.8 million in 2005, which equates to fully diluted earnings of $0.22 per share. For the quarterly period ended June 30, 2006, the Company reported income of $3.2 million from continuing operations, which equates to fully diluted earnings of $0.12 per share.
About TheStreet.com, Inc.
TheStreet.com, Inc. (Nasdaq: TSCM) is a leading multimedia provider of business, investment and ratings content, available through its proprietary properties, which include Web sites, email subscription services, print, radio, syndication and audio and video programming. Founded in 1996, TheStreet.com, Inc. pioneered the electronic publishing of financial information on the Internet. Today, the Company offers proprietary information on stocks, mutual funds, exchange traded funds (ETFs) and financial institutions, including various insurers; HMOs; Blue Cross Blue Shield plans; banks and savings and loans. The Company's breadth of top-grade services empowers a wide audience of retail and professional investors, by delivering information they can rely upon to make sound, informed financial decisions.
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