Thanks, Hunger Games! LGF Stock Declares First-Ever Dividend

by Christopher Freeburn | December 19, 2013 11:26 am

Movie studio Lionsgate (LGF[1]) is capping a very good year with a gift to investors, announcing its first dividend ever[2]. The news sent LGF stock surging more than 4% in Thursday morning trading.

hunger games franchise 630 150x150 Thanks, Hunger Games! LGF Stock Declares First Ever Dividend[3]
Source: Flickr[4]

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[5] 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[6], The Twilight Saga Breaking Dawn — Part 2, Now You See Me and The Expendables 2.

  1. LGF:
  2. announcing its first dividend ever:
  3. [Image]:
  4. Flickr:
  5. increase its authorized share buyback program:
  6. The Hunger Games: Catching Fire:

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