Acxiom Declares Quarterly Dividend; Comments on Future Dividends

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012621-acxiom-declares-quarterly-dividend-commen/

The Board of Directors of Acxiom® Corporation (Nasdaq: ACXM) yesterday declared a regular quarterly cash dividend of five cents per share payable on September 12, 2006 to shareholders of record as of the close of business on August 14, 2006.

While Acxiom intends to pay regular quarterly dividends for the foreseeable future, all subsequent dividends will be reviewed quarterly and declared by the Board at its discretion. In addition to using cash flow to pay dividends, Acxiom also plans to continue to use cash flow to pay off debt, to fund potential future acquisitions, to fund its previously announced stock repurchase program depending on prevailing market conditions and other factors, and for other general business purposes.