MONTREAL, QUEBEC -- (Marketwired) -- 03/29/18 -- Stingray Digital Group Inc. (TSX: RAY.A)(TSX: RAY.B) (the "Corporation"; "Stingray"), a leading business-to-business multi-platform music and in-store media solutions provider, today announced that the Board of Directors has declared a quarterly dividend of $0.055 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 15, 2018, to holders of subordinate voting shares, variable subordinate voting shares and multiple voting shares on record as of May 31, 2018.
The Corporation's dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, our available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant.
The dividends paid are designated as "eligible" dividends for the purposes of the Income Tax Act (Canada) and any corresponding provisions of provincial and territorial tax legislation.
About Stingray
Stingray (TSX: RAY.A)(TSX: RAY.B) is the world-leading provider of multiplatform music services and digital experiences for pay TV operators, commercial establishments, OTT providers, mobile operators, and more. Stingray's services include audio television channels, premium television channels, 4K UHD television channels, karaoke products, digital signage, in-store music, music apps, and more. Geared towards individuals and businesses alike, Stingray reaches 400 million subscribers (or households) in 156 countries and its mobile apps have been downloaded over 90 million times. Stingray is headquartered in Montreal and currently has close to 400 employees worldwide. For more information: www.stingray.com.
Contacts:
Mathieu Peloquin
Senior Vice-President, Marketing and Communications
Stingray Digital Group Inc.
(514) 664-1244, ext. 2362
mpeloquin@stingray.com
