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    Y   CA9855721069

YELLOW PAGES LIMITED

(Y)
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Yellow Pages : to initiate dividend, repay debt following turnaround

02/13/2020 | 02:40pm EST

MONTREALYellow Pages Ltd. says it is initiating a quarterly dividend and repaying all of its remaining debt following a successful turnaround.

The Montreal-based digital media and marketing company says it will pay 11 cents per share beginning in the second quarter of its fiscal year.

It repaid notes in December three years ahead of maturity and says it will make an optional redemption payment of $107.1 million to repay its remaining debt fully around May 31, 2021.

The announcements were made Thursday as it reported that it capped a stronger year with net earnings surging 34 per cent to $53.6 million in the fourth quarter, up from about $40 million a year earlier.

That equalled $1.70 per diluted share, up from $1.28 per share in the fourth quarter of 2018.

Total revenues decreased 25.7 per cent to $93.5 million on lower digital and print revenues in the YP segment, as well as divestitures.

For the full year, it earned $94.7 million or $3.16 per share on $403.2 million in revenue. That compared with $82.8 million or $2.78 per share on $577.2 million in revenue in 2018.

Yellow Pages was expected to earn $54 million on $403 million of revenues, according to financial markets data firm Refinitiv.

The company has made adjustments to the shifting needs of a competitive marketplace, including restructuring its relationship with unionized sales representatives across Canada.

This report by The Canadian Press was first published Feb. 13, 2020.

Companies in this story: (TSX:Y)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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More news
Financials
Sales 2021 285 M 222 M 222 M
Net income 2021 - - -
Net cash 2021 56,0 M 43,7 M 43,7 M
P/E ratio 2021 -
Yield 2021 3,90%
Capitalization 397 M 310 M 310 M
EV / Sales 2021 1,20x
EV / Sales 2022 1,22x
Nbr of Employees 652
Free-Float 100,0%
Chart YELLOW PAGES LIMITED
Duration : Period :
Yellow Pages Limited Technical Analysis Chart | Y | CA9855721069 | MarketScreener
Technical analysis trends YELLOW PAGES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Last Close Price 14,37 CAD
Average target price 14,00 CAD
Spread / Average Target -2,57%
Managers and Directors
David Alan Eckert President, Chief Executive Officer & Director
Franco Sciannamblo Chief Financial Officer & Senior Vice President
Susan Kudzman Chairman
Craig I. Forman Independent Non-Executive Director
Robert Kenneth Hall Independent Non-Executive Director
Sector and Competitors