Studio is riding high on the strength of Katniss Everdeen
Fresh off the global success of “The Hunger Games: Catching Fire,” Lionsgate announced it will share the wealth with its stakeholders.
The studio will offer its investors its first ever quarterly cash dividend of five cents a share. It will be payable on February 7, 2014.
“Our outstanding film and TV performance continues to translate into strong financial results,” Lionsgate Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns said in a joint statement. “We're pleased that our financial strength and excellent visibility enable us to offer our first quarterly dividend, returning value to our shareholders as we continue to grow the company.”
“Catching Fire” has racked up more than $730 million at the worldwide box office. Two more sequels in the dystopian fantasy series will be released in 2014 and 2015.
Lionsgate's stock was up slightly at $29.51 in pre-market trading Thursday.