COLLECTORS UNIVERSE, INC. (NASDAQ:CLCT) Files An 8-K Regulation FD Disclosure
Item 7.01
Regulation FD Disclosure |
On January 23, 2017, Collectors Universe, Inc. issued a press
release announcing that, to its previously adopted dividend
policy, the Board of Directors has declared the Companys
quarterly cash dividend of $0.35 per share of common stock for
the third quarter of fiscal 2017. The cash dividend will be paid
on February 24, 2017 to stockholders of record on February 15,
2017.
The declaration of future cash dividends, to the Companys
dividend policy, is subject to final determination each quarter
by the Board of Directors based on a number of factors, including
the Companys financial performance and its available cash
resources, its cash requirements and alternative uses of cash
that the Board may conclude would represent an opportunity to
generate a greater return on investment for the Company. For
these reasons, as well as others, there can be no assurance that
dividends in the future will be equal or similar in amount to the
amounts described in this press release or that the Board of
Directors will not decide to suspend or discontinue the payment
of cash dividends in the future.
In accordance with General Instruction B. 2 of Form 8-K, the
information in this Current Report, including Exhibit 99.1
hereto, is being furnished and shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that Section,
nor shall such information be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended.
Item 9.01 |
Financial Statements and Exhibits. |
(d)Exhibits.
Exhibit No. |
Description |
|
99.1 |
Press release, issued January 23, 2017, announcing the |
About COLLECTORS UNIVERSE, INC. (NASDAQ:CLCT)
Collectors Universe, Inc. provides authentication and grading services to dealers and collectors of coins, trading cards, event tickets, autographs and historical and sports memorabilia (collectibles). The Company operates through three segments: coins, trading cards and autographs, and other collectibles. The Company is engaged in the authentication, grading, publication and Web-based advertising, subscription-based business and product sales. The other collectibles segment includes the Certified Coin Exchange (CCE) subscription business, the Coinflation.com business and its collectibles conventions business. The Company is also engaged in selling of printed publications and collectibles price guides and advertising in such publications; selling of membership subscriptions in its Collectors Club; selling of subscriptions to its CCE dealer-to-dealer Internet bid-ask market for certified coins and to its CoinFacts Website, and conducting collectibles trade shows and conventions. COLLECTORS UNIVERSE, INC. (NASDAQ:CLCT) Recent Trading Information
COLLECTORS UNIVERSE, INC. (NASDAQ:CLCT) closed its last trading session up +0.10 at 20.94 with 15,090 shares trading hands.