Cablevision Payout on Hold

Farrell, Mike; Donohue, Steve
January 2006
Multichannel News;1/2/2006, Vol. 27 Issue 1, p31
The article reports on the decision of Dolan family, the major stockholder of Cablevision Systems Corp., to temporarily withhold its payout of dividends for its shareholders. Technical covenant violations under a bank credit agreement of subsidiary CSC Holdings Inc. and other debt instruments are cited as the reasons behind the decision. CEO Jim Dolan says that the company does not want to specify a time frame for the review of the dividend payout.


Related Articles

  • Kroger to Resume Dividend as Profits, Sales Continue to Grow. Springer, Jon // SN: Supermarket News;3/13/2006, Vol. 54 Issue 11, p1 

    The article focuses on the quarterly dividend payments to be awarded by retail company Kroger to its shareholders beginning in June 2006. The dividend distribution can help increase the stock performance of Kroger. The company has posted a 7.5 percent sales increase in the fourth quarter of...

  • Issuers Forced To Amend Covenants, Pay Fees. R. K. // Bank Loan Report;5/19/2008, Vol. 23 Issue 20, p1 

    The article reports that UAL Corp. in the U.S. was forced to offer lenders hefty amendments to waive certain covenant agreements. UAL has debt maturing in 2009 so it paid lenders of its $1.55 billion credit facility a fee to make amendments to the loans. For a 7% fee, the company will be able to...

  • The Effect of Ownership Structure on Dividend Payout Policy: Evidence from Jordanian Context. Warrad, Lina; Abed, Suzan; Khriasat, Ola; Al-Sheikh, Imad // International Journal of Economics & Finance;Feb2012, Vol. 4 Issue 2, p187 

    The article presents information on a study that examines the possible association between ownership structure and dividend payout policy of Jordanian industrial public shareholding companies. The study examined the payout behavior of dividends for the industrial public shareholding companies of...

  • Dangling the dividend. Mckay, David // Finweek;3/1/2012, p24 

    The article focuses on how AngloGold Ashanti Ltd. has increased its dividend yield under chief executive officer (CEO) Mark Cutifani. It states that the company can be twice attractive as significant amount of its cash flows went into shareholders rather than being reinvested into the business....

  • Roadmap. Perry, David // inFinance;Mar2009, Vol. 123 Issue 1, p50 

    The article reports on the essence of dividends in Australia's shareholder of corporations. It mentions the importance of small and medium enterprises (SMEs) in taking proactive actions which include raising more equity capital at low prices as well as reviewing expenditure like dividends. It...

  • More Dividends For LyondellBasell? C. J. C. // Leveraged Finance News;10/31/2011, Vol. 1 Issue 42, p1 

    The article focuses on the approach of petrochemical company LyondellBasell Industries NV to their bondholders to pay additional dividends to their shareholders. It states that the present consent solicitation in Lyondell strips the remaining bonds of its collateral as well as modify the...

  • HMA goes dividend route. Galloro, Vince // Modern Healthcare;1/29/2007, Vol. 37 Issue 5, p12 

    The article reports on the decision of Naples, Florida-based Health Management Associates (HMA) to give its shareholder a one-time dividend of $10 per share following the suspension of its quarterly dividend and retiring debt. HMA founder and chairman William Schoen comments on the operation of...

  • Covenant Language Opens Dividend Floodgates. Sheahan, Matthew // High Yield Report;8/12/2013, p42 

    The article discusses a provision in the credit agreements of some deals that allow users unlimited debt-fueled dividend deals as long as they stay within certain leverage guidelines. Such language has reportedly become common for loans and are increasingly found in bond agreements as companies...

  • Domino's recipe: Cut interest. Snavely, Brent // Crain's Detroit Business;2/12/2007, Vol. 23 Issue 7, p3 

    The article offers information on Domino's Pizza Inc.'s strategy regarding recapitalization of debt structure and lowering interest rates. Domino's, one of the world's largest pizza chains, reveals about its plans to secure a $1.85 billion loan with the weekly royalty payment obligations of its...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics