News Corp said Thursday that it plans to start paying out a
semiannual cash dividend for the first time since the company
separated from 21st Century Fox in 2013.
The company, which publishes The Wall Street Journal, said it
expects to initiate a dividend of 10 cents a share in the first
quarter of its 2016 fiscal year, beginning on June 29. The dividend
will be paid in the second quarter.
The company also said that it has extended its shareholder
rights plan, also known as a poison pill, for another three years.
Last year, News Corp extended the plan to expire today, giving the
company additional time to evaluate options without potential
involvement from an outside investor.
The plan will now expire on June 18, 2018.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
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