BEIJING, March 5, 2012 /PRNewswire-Asia-FirstCall/ -- Charm Communications Inc. (NASDAQ: CHRM) ("Charm" or the "Company"), a leading advertising agency in China, announced today that it will pay a cash dividend of US$0.16 per ordinary share, which is equivalent to US$0.32 per American depositary share ("ADS"). (Each ADS represents two ordinary shares.) The Company will pay the dividend on April 16, 2012 to shareholders of record and ADS holders of record as of the close of business on March 26, 2012.
"As a result of the Company's strong earnings and cash flow in 2011, our Board of Directors approved a cash dividend to share this success with our shareholders," said Mr. He Dang, Charm's founder, chairman and chief executive officer. "Looking ahead, we will uphold our firm commitment to consistently delivering shareholder value, and our Board will evaluate the Company's dividend policy as appropriate, taking into account the Company's operating performance, long-term capital requirements relating to investments and acquisitions, as well as potential business risks."
Charm Communications Inc. (NASDAQ: CHRM) is a leading advertising agency group in China that offers integrated advertising services with particular focus on television and the internet. Charm's integrated advertising services include full media planning and buying, as well as creative and branding services. Charm has built a full service digital advertising platform, which offers digital campaign capabilities across all key digital media, including search engines, display portals, online video sites and social networking services. Charm also secures advertising inventory and other advertising rights, such as sponsorships and branded content, from premium media networks and resells to clients as part of its integrated media offerings. Charm's clients include China's top domestic brands, as well as some major international brands, across a wide range of industries. Since 2003 Charm has been the top agency every year for China's leading television network, China Central Television ("CCTV"). For more information, please go to http://ir.charmgroup.cn .Safe Harbor Statement