The studio will pay a cash dividend of five cents for each common share on February 7. The dividend will be paid to investors who hold LGF stock on Dec. 31. Lionsgate also revealed in a filing with the Securities and Exchange Commission (SEC) that it will increase its authorized share buyback program to $300 million. Lionsgate had repurchased $65 million in LGF stock under an existing stock buyback program, notes.
LGF stock has jumped more than 79% in 2013. The studio is riding high on a wave of box office hits, including The Hunger Games: Catching Fire, The Twilight Saga Breaking Dawn — Part 2, Now You See Me and The Expendables 2.