CVC » Topics » NOTE 5. DIVIDENDS

This excerpt taken from the CVC 10-Q filed May 7, 2009.

NOTE 5.                DIVIDENDS

 

On February 25, 2009, the Board of Directors of Cablevision declared a cash dividend of $0.10 per share payable on March 31, 2009 which was paid to stockholders of record on both its Cablevision NY Group (“CNYG”) Class A common stock and CNYG Class B common stock as of March 9, 2009.

 

On February 25, 2009, CSC Holdings declared a dividend payable to Cablevision of approximately $552,000.  The proceeds were used to fund Cablevision’s dividend payable on March 31, 2009, and to fund Cablevision’s repurchase of a portion of Cablevision’s floating rate senior notes due April 1, 2009 pursuant to the tender offer completed in March 2009 ($196,269) and to repay the remaining outstanding balance of its floating rate senior notes upon their maturity ($303,731) (see Note 20).  In addition, on March 27, 2009, CSC Holdings paid a dividend of $67,284 to Cablevision which it used to fund interest payments on certain of its senior notes.

 

This excerpt taken from the CVC 10-Q filed Nov 6, 2008.

NOTE 5.          DIVIDENDS

 

On August 15, 2008, the Board of Directors of Cablevision declared a quarterly cash dividend of $0.10 per share paid on September 18, 2008 to stockholders of record on both its Cablevision NY Group (“CNYG”) Class A common stock and CNYG Class B common stock as of August 26, 2008.  The dividend of approximately $29,000 was paid primarily from the proceeds of a distribution to Cablevision from CSC Holdings. The CSC Holdings distribution was funded from cash on hand.  In addition, up to approximately $925, will be paid when, and if, restrictions lapse on restricted shares outstanding and when, and if, certain stock appreciation rights and stock options are exercised.

 

EXCERPTS ON THIS PAGE:

10-Q
May 7, 2009
10-Q
Nov 6, 2008
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