AMC Entertainment Holdings, Inc. Announces Quarterly Dividend of $0.20 Per Share
April 27 2016 - 4:15PM
Business Wire
AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the
Company”), one of the world’s leading theatrical exhibition
companies and an industry leader in innovation and operational
excellence, today announced that its Board of Directors has
declared a dividend for the quarter ended March 31, 2016, of $0.20
per share on shares of Class A and Class B common stock, its ninth
consecutive dividend since the Company’s initial public offering.
The dividend is payable in cash on June 20, 2016, to shareholders
of record on June 6, 2016.
About AMC Entertainment Holdings, Inc.
AMC is the guest experience leader with 387 locations and 5,426
screens located primarily in the United States. AMC has propelled
innovation in the theatrical exhibition industry and continues
today by delivering more comfort and convenience, enhanced food
& beverage, greater engagement and loyalty, premium sight &
sound, and targeted programming. AMC operates the most productive
theatres in the country’s top markets, including No. 1 market share
in the top three markets (NY, LA, Chicago).
www.amctheatres.com.
Website Information
This press release, along with other news about AMC, is
available at www.amctheatres.com. We routinely post information
that may be important to investors in the Investor Relations
section of our website, www.investor.amctheatres.com. We use this
website as a means of disclosing material, non-public information
and for complying with our disclosure obligations under Regulation
FD, and we encourage investors to consult that section of our
website regularly for important information about AMC. The
information contained on, or that may be accessed through, our
website is not incorporated by reference into, and is not a part
of, this document. Investors interested in automatically receiving
news and information when posted to our website can also visit
www.investor.amctheatres.com to sign up for E-mail Alerts.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “plan,” “estimate,” “will,” “project,” “intend,”
“expect,” “should,” “believe,” “continue,” and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements are based on information available at
the time those statements are made and/or management’s good faith
belief as of that time with respect to future events, and are
subject to risks, trends, uncertainties and other facts that could
cause actual performance or results to differ materially from those
expressed in or suggested by the forward-looking statements. These
risks, trends, uncertainties and other facts include, but are not
limited to, with respect to our pending Carmike acquisition, our
ability to satisfy closing conditions in the anticipated time frame
or at all, obtaining regulatory approval, including the risk that
any approval may be on terms or subject to conditions that are not
anticipated; obtaining Carmike stockholders approval; the
possibility that the Carmike acquisition does not close, including
in circumstances in which we would be obligated to pay Carmike a
termination fee or other damage or expenses; our ability to finance
the proposed Carmike acquisition on acceptable terms; responses of
activist stockholders to the proposed Carmike transaction; our
ability to realize expected benefits and synergies from the
proposed Carmike acquisition; execution risks related to the
proposed Carmike acquisition; litigation and/or regulatory actions
related to the proposed Carmike transaction; our significant
indebtedness, including the indebtedness incurred to acquire
Carmike; execution risks related to the integration of Starplex
Cinemas into our business; our ability to achieve expected
synergies and performance from our acquisition of Starplex Cinemas;
decreased supply, quality and performance of, and delays in our
access to, motion pictures; risks relating to our significant
indebtedness; our ability to utilize net operating loss carry
forwards to reduce future tax liability; increased competition in
the geographic areas in which we operate and from alternative film
delivery methods and other forms of entertainment; continued
effectiveness of our strategic initiatives; the impact of shorter
theatrical exclusive release windows; our ability to attract and
retain senior executives and other key personnel; the impact of
governmental regulation, including anti-trust review of our
acquisition opportunities and investigations concerning potentially
anticompetitive conduct, including film clearances and
participation in certain joint ventures; unexpected delays and
costs related to our optimization of our theatre circuit; failures,
unavailability or security breaches of our information systems; and
other business effects, including the effects of industry, market,
economic, political or regulatory conditions, future exchange or
interest rates, changes in tax laws, regulations, rates and
policies.
Forward-looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. For a detailed discussion of these risks
and uncertainties, see the section entitled “Risk Factors” in our
Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on March 8, 2016, and our other public filings. The
Company does not intend, and undertakes no duty, to update this
information to reflect future events or circumstances, except as
required by applicable law.
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AMC Entertainment Holdings, Inc.INVESTOR
RELATIONS:John Merriwether,
866-248-3872InvestorRelations@amctheatres.comorMEDIA
CONTACT:Ryan Noonan, 913-213-2183rnoonan@amctheatres.com
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