Wednesday, July 22, 2009 4:46:13 PM
Marchex, Inc. (NASDAQ:MCHX), a leading local search and performance advertising company, today announced that the company's Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. Marchex will pay these dividends on August 17, 2009 to the holders of record as of the close of business on August 7, 2009. As of July 16, 2009, 10,869,216 shares of Class A common stock and 25,305,928 shares of Class B common stock are outstanding.
Marchex commenced the payment of a regular quarterly cash dividend on its common stock on February 15, 2007. The company intends to pay a regular quarterly dividend on its common stock for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, future prospects for earnings and cash flows as well as other relevant factors.
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