Emmis Announces Dividend on Convertible Preferred Stock
ion (Nasdaq: EMMS) announced that its Board of Directors declared a
dividend for its 6.25% convertible preferred stock (Nasdaq: EMMSP), with a
record date of
July 1, 2008 and a payable date of
July 15, 2008.
The per share dividend for the quarter is $.78125. One share of Emmis
preferred stock is convertible to 2.44 shares of Emmis Class A Common Stock
using the conversion price of $20.495 a share.
Emmis Communications - Great Media, Great People, Great Service(R)
Emmis is an Indianapolis-based diversified media firm with radio
broadcasting, television broadcasting and magazine publishing operations.
Emmis owns 21 FM and 2 AM domestic radio stations serving the nation's largest
markets of New York, Los Angeles and Chicago, as well as St. Louis, Austin,
Indianapolis and Terre Haute, IN. Emmis owns a radio network, international
radio stations, regional and specialty magazines and ancillary businesses in
broadcast sales and book publishing.
SOURCE Emmis Communications Corporation
