COLUMBIA, Md., Aug. 28, 2013 /PRNewswire/ -- The board of
directors of Arbitron Inc. (NYSE: ARB) has approved the payment of
a quarterly cash dividend of $0.10
(ten cents) per common share. The
dividend will be paid on or about October 1,
2013 to shareholders of record as of the close of business
on September 16, 2013.
If the effective date of the pending merger with Nielsen
Holdings N.V. is before September 16,
2013, the dividend will be pro-rated with stockholders
receiving $0.0010989010989011 per
share per day for each day after June 17,
2013, the record date for the previously declared quarterly
dividend. In accordance with the merger agreement, the pro rata
dividend ensures that stockholders receive a dividend at the
current rate until the closing of the pending merger with Nielsen.
The pro rata dividend, which amounts to $0.10 per share for the full quarter, will be
payable within 30 days after the merger closes to shareholders of
record at the close of business on the day before the merger is
completed.
As of August 27, 2013, there were
approximately 26,939,794 shares outstanding.
About Arbitron
Arbitron Inc. (NYSE: ARB) is an international media and
marketing research firm serving the media – radio, television,
cable and out-of-home; the mobile industry as well as advertising
agencies and advertisers around the world. Arbitron's businesses
include: measuring network and local market radio audiences across
the United States; surveying the
retail, media and product patterns of U.S. consumers; providing
mobile audience measurement and analytics in the United States, Europe, Asia
and Australia, and developing
application software used for analyzing media audience and
marketing information data. The Company has developed the Portable
People Meter ™ (PPM®) and the PPM 360™, new technologies
for media and marketing research.
Portable People Meter™, PPM® and PPM 360™ are
marks of Arbitron Inc.
SOURCE Arbitron Inc.