New Belo announces first dividend


Belo Corporation announced its first dividend payment since the company was split in two earlier this month, with a new newspaper company split off and the Belo Corp. name remaining with the pure-play television company. Belo’s board of directors has declared a quarterly cash dividend of seven and a half cents per share to be paid June 6th to shareholders of record on May 16th.

The newspaper company, A.H. Belo Corp., also announced its first dividend payment, with the same payment and record dates. That quarterly payout will be 25 cents.