Emmis Declares Stock Dividend
December 7, 2006 at 2:08 PM (PT)
EMMIS' board of directors declared a dividend for the company's 6.25% convertible preferred stock, payable on JANUARY 15 to shareholders of record on JANUARY 1. The per-share dividend for the quarter is $.78125. One share of EMMIS preferred stock is convertible to 2.44 shares of EMMIS Class A common stock using the conversion price of $20.495 a share.
The company also announced its Annual Shareholders Meeting would be held on TUESDAY, FEBRUARY 13 at 2p at EMMIS Worldwide Headquarters in INDIANAPOLIS.