Quad Reinstates Dividend and Declares Quarterly Dividend of $0.05 Per Share
16 Février 2024 - 2:30PM
Business Wire
Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), a
global leader in marketing experience, announced today that its
Board of Directors reinstated its dividend and declared a quarterly
dividend on the Company’s common stock of $0.05 per share, or $0.20
per share on an annualized basis. The dividend is payable on March
12, 2024, to shareholders of record as of February 27, 2024. This
announcement will be discussed on Quad’s fourth quarter and
full-year 2023 earnings call on February 21, 2024.
Joel Quadracci, Chairman, President and CEO of Quad, said: “Our
consistent, strong cash generation and low debt leverage enable us
to reinstate a quarterly dividend, while also maintaining the
capital flexibility to invest in growing and automating our
business, further reduce debt and seek opportunities for share
repurchases.”
About Quad
Quad (NYSE: QUAD) is a global marketing experience company that
helps brands make direct consumer connections, from household to
in-store to online. Supported by state-of-the-art technology and
data-driven intelligence, Quad uses its suite of media, creative
and production solutions to streamline the complexities of
marketing and remove friction from wherever it occurs in the
marketing journey. Quad tailors its uniquely flexible, scalable and
connected solutions to clients’ objectives, driving cost
efficiencies, improving speed to market, strengthening marketing
effectiveness, and delivering value on client investments.
Quad employs approximately 13,000 people in 14 countries and
serves approximately 2,700 clients including industry leading
blue-chip companies that serve both businesses and consumers in
multiple industry verticals, with a particular focus on commerce,
including retail, consumer packaged goods, and direct-to-consumer;
financial services; and health. Quad is ranked as the 14th largest
agency company in the U.S. by Ad Age (2023), and the second-largest
commercial printer in North America, according to Printing
Impressions (2023).
For more information about Quad, including its commitment to
ongoing innovation, culture and sustainable impact, visit
quad.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240215305080/en/
Investor Relations Contact Don Pontes Executive Director
of Investor Relations 916-532-7074 dwpontes@quad.com
Media Contact Claire Ho Director of Marketing
Communications 414-566-2955 cho@quad.com
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