Emmis Announces Stock Dividend

Emmis Communications Corporation declared a 78-cents-per-share dividend for its 6.25% convertible preferred stock with a record date of Oct. 1.
One share of Emmis preferred stock is convertible to 1.28 shares of Emmis Class A Common Stock. The dividend is payable on Oct. 15.
Emmis’ has 23 FM and 4 AM domestic radio stations.
In addition, Emmis owns 16 television stations, a radio network, international radio stations, regional and specialty magazines, and ancillary businesses in broadcast sales and book publishing.