CENTENNIAL, Colo.--(BUSINESS WIRE)--
National CineMedia, Inc. (NASDAQ: NCMI) ("the Company" or "NCM"), the
managing member and owner of 39.3% of National CineMedia, LLC ("NCM
LLC"), the operator of the largest digital in-theater media network in
North America, today announced that its Board of Directors has
authorized the Company's regular quarterly cash dividend of $0.22 per
share of common stock. The dividend will be paid on August 31, 2017 to
stockholders of record on August 12, 2017. The Company intends to pay a
regular quarterly dividend for the foreseeable future at the discretion
of the Board of Directors consistent with the Company's intention to
distribute over time a substantial portion of its free cash flow. The
declaration, payment, timing and amount of any future dividends payable
will be at the sole discretion of the Board of Directors who will take
into account general economic and advertising market business
conditions, the Company's financial condition, available cash, current
and anticipated cash needs, and any other factors that the Board of
Directors considers relevant.
About National CineMedia, Inc.
National CineMedia (NCM) is America's Movie Network. As the #1
Millennial weekend network in the U.S., NCM is the connector between
brands and movie audiences. According to Nielsen, more than 750 million
moviegoers annually attend theaters that are currently under contract to
present NCM's pre-show in over 45 leading national and regional theater
circuits including AMC Entertainment Inc. (NYSE:AMC), Cinemark Holdings,
Inc. (NYSE:CNK) and Regal Entertainment Group (NYSE: RGC). NCM's cinema
advertising network offers broad reach and unparalleled audience
engagement with over 20,500 screens in over 1,600 theaters in 187
Designated Market Areas® (all of the top 50). NCM Digital goes beyond
the big screen, extending in-theater campaigns into online and mobile
marketing programs to reach entertainment audiences. National CineMedia,
Inc. (NASDAQ:NCMI) owns a 39.3% interest in, and is the managing member
of, National CineMedia, LLC. For more information, visit www.ncm.com.
Forward-Looking Statements
This press release contains various forward-looking statements that
reflect management's current expectations or beliefs regarding future
events, including the dividend policy. Investors are cautioned that
reliance on these forward-looking statements involves risks and
uncertainties. Although the Company believes that the assumptions used
in the forward-looking statements are reasonable, any of these
assumptions could prove to be inaccurate and, as a result, actual
results could differ materially from those expressed or implied in the
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170802006137/en/
National CineMedia, Inc.
INVESTOR CONTACT:
Ted
Watson, 800-844-0935
investors@ncm.com
or
MEDIA
CONTACT:
Amy Jane Finnerty, 212-931-8117
amy.finnerty@ncm.com
Source: National CineMedia, Inc.
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