BEIJING, Feb. 5, 2013 /PRNewswire/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company") is the leading provider of conditional access ("CA") systems to China's expanding digital television market. In view of the unusual market activity in the Company's ADS on Tuesday, February 5, 2013, the New York Stock Exchange contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on unusual market activity. About China Digital TV Founded in 2004, China Digital TV is the leading provider of CA systems to China's expanding digital television market. CA systems enable television network operators to manage the delivery of customized content and services to their subscribers. China Digital TV conducts substantially all of its business through its PRC subsidiary, Beijing Super TV Co., Ltd., and its affiliate, Beijing Novel-Super Digital TV Technology Co., Ltd., as well as subsidiaries of its affiliate. For more information please visit the Investor Relations section of China Digital TV's website at http://ir.chinadtv.cn. Investor Contact: In China:Nan HaoInvestor Relations ManagerTel: +86-10-6297-1199 x 9780Email: firstname.lastname@example.org Josh Gartner Brunswick Group Tel: +86-10-5960-8610 Email: email@example.comIn the US:Cindy ZhengBrunswick GroupTel: +1-212-333-3810E-mail: firstname.lastname@example.org SOURCE China Digital TV Holding Co., Ltd.
China Digital TV Holding (STV) rose on Wednesday after the company declared a special cash dividend of 50 cents a share on its ordinary shares. Each of China Digital's American Depositary Shares (ADS) represents one ordinary share. Shareholders of record as of the close of business on April 14 will be eligible to receive the dividend, which should be paid on or around May 9. This is the fifth time the company has declared a dividend since its IPO in 2007. "China Digital TV is always looking to provide excellent value to our shareholders and we believe that a special dividend is a prudent use of cash at this time," said Chairman and CEO Jianhua Zhu in a statement. "Our balance sheet and revenue remain strong enough to support our continued focus on R&D and other long-term objectives."