SHARE

Tix Corp. (OTCMKTS:TIXC) a leading company offering discount ticketing services said that its Board of Directors approved a program of paying a quarterly cash payout to the Company’s stockholders. The regular quarterly cash dividend, as announced by the company amounts to $0.05 per common share and will be paid on April 30, 2015 for a record date of April 16, 2015. It implies that the total annual dividend equates to $0.20 per share.

The measures

Tix Corp’s core business is carried out through its Las Vegas subsidiary known as Tix4Tonight. It offers last-minute discount dinner reservations and discount show tickets. The company made several strategic acquisitions, bought multiple prime booth locations and worked on staff training to improve the entire business model. The main objective was to generate consistent strong cash flows. In the past three years, the company paid the benefits to its stockholders by repurchasing over 27% of the Company’s outstanding shares.

The management view

Mitch Francis, the CEO of Tix Corp. (OTCMKTS:TIXC), said that the management is thrilled that the stockholders will not get a meaningful dividend. At the same time, the company will maintain adequate cash to operate business and support new strategic plans. The payment of dividend may result in a jump in share price, which could prompt some investors holding more than 5% of the company shares to sell them in such a way that could adversely affect the performance of the company. Tix Corp cannot prevent or control such an occurrence. The announced dividend program deal, which when coupled with existing stockholders right deal, has the potential to mitigate the risk of compromising the valuable asset.

The profile

Tix Corp is a leading company that offers discount ticketing services. It runs ten discount ticket outlets in Las Vegas. After the dividend announcement, the stock price of Tix Corp jumped 46.15% to close at $1.90 with share volume of 237,782.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of journaltranscript.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:

https://www.journaltranscript.com/disclaimer

SHARE
Previous articleAudioeye Inc (OTCMKTS:AEYE) Irks Investors With Erroneous Financial Reports
Next articleMedical Marijuana Inc (OTCMKTS:MJNA) Updates On Kannaway Sales Growth
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY