SANTA MONICA, Calif. and VANCOUVER, British Columbia, Dec. 19, 2013 /PRNewswire/ -- Lionsgate's (NYSE: LGF) Board of Directors has declared a quarterly cash dividend of five cents ($0.05) per common share, the Company announced today. The first dividend is payable on February 7, 2014 to shareholders of record at the close of business on December 31, 2013.
"Our outstanding film and TV performance continues to translate into strong financial results," said Lionsgate Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns. "We're pleased that our financial strength and excellent visibility enable us to offer our first quarterly dividend, returning value to our shareholders as we continue to grow the Company."
ABOUT LIONSGATE Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has more than 30 television shows on 20 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning Mad Men and Nurse Jackie, the comedy Anger Management, the network series Nashville , the syndication success The Wendy Williams Show and the critically-acclaimed new series Orange is the New Black.Its feature film business has been fueled by such recent successes as the blockbuster first and second installments of The Hunger Games franchise, The Twilight Saga Breaking Dawn – Part 2, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Arbitrage, Mud and Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S. Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.