Marchex, Inc. (MCHX) Plans Dividend Increase – $0.50 Per Share

Marchex, Inc. (NASDAQ:MCHX) declared a special dividend on Wednesday, December 13th, Wall Street Journal reports. Investors of record on Thursday, March 8th will be given a dividend of 0.50 per share by the technology company on Wednesday, March 21st. The ex-dividend date is Wednesday, March 7th. This is a positive change from Marchex’s previous special dividend of $0.14.

Shares of Marchex (NASDAQ MCHX) traded up $0.02 during trading hours on Wednesday, reaching $3.20. 145,097 shares of the company’s stock traded hands, compared to its average volume of 159,225. Marchex has a twelve month low of $2.50 and a twelve month high of $3.75.

In other Marchex news, major shareholder Prescott Group Capital Managem sold 1,100,000 shares of Marchex stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $3.10, for a total transaction of $3,410,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 27.35% of the stock is owned by insiders.

Several equities analysts have weighed in on MCHX shares. Zacks Investment Research downgraded shares of Marchex from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine downgraded shares of Marchex from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.

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Marchex Company Profile

Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.

Dividend History for Marchex (NASDAQ:MCHX)

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