Emmis Declares Dividend on Convertible Preferred Stock

Emmis Communications Corp. declared a dividend on its 6.25% convertible preferred stock to shareholders of record April 5. The payable date is April 15.
Per share dividend for the quarter is $0.78125. One share of Emmis preferred stock is convertible to 1.28 shares of Emmis Class A common stock. The company is traded on NASDAQ.