SEATTLE--(BUSINESS WIRE)--Dec. 12, 2017--
Marchex, Inc. (NASDAQ:MCHX), a leading provider of call analytics that
drive, measure, and convert callers into customers, announced today that
the company's Board of Directors has declared a special cash dividend in
the amount of $0.50 per share on its common stock. Marchex will pay this
dividend on March 21, 2018 to the holders of record as of the close of
business on March 8, 2018.
“We’ve made significant strides over the last year in stabilizing our
business. While there is more to do, we are focused on unlocking the
opportunities for value creation within the call and speech analytics
industry,” said Michael Arends, Chief Financial Officer. “Given the
strength of our balance sheet, we believe we can issue this dividend
while continuing to retain the flexibility to pursue new opportunities.
This special dividend is consistent with our sound capital management
policies and our commitment to providing a meaningful return to our
Marchex is continuing its strategic review and as part of this
review believes there may be opportunities, including potential
acquisitions, to create strategic, financial and/or operational
advantages and, over time, additional levers for growth,
profitability, and diversification.
Marchex understands the best customers are those who call your company -
they convert faster, buy more, and churn less. Marchex provides
solutions that help companies drive more calls, understand what happens
on those calls, and convert more of those callers into customers. Our
actionable intelligence strengthens the connection between companies and
their customers, bridging the physical and digital world, to help brands
maximize their marketing investments and operating efficiencies to
acquire the best customers.
Please visit https://www.marchex.com/blog
or @marchex on Twitter (Twitter.com/Marchex), where Marchex discloses
material information from time to time about the company, its financial
information, and its business.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005490/en/
Source: Marchex, Inc.
Trevor Caldwell, 206-331-3600
Jessie DiMariano, 206-268-2289