Stingray Declares Quarterly Dividend to Shareholders
MONTREAL, March 26, 2026 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY) (“Stingray” or the “Corporation”) today announced that the Board of Directors has declared a quarterly dividend of $0.085 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 15, 2026, to shareholders on record as of May 29, 2026.The Corporation’s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant.The dividends paid are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any corresponding provisions of provincial and territorial tax legislation.About StingrayStingray Group Inc. (TSX: RAY), the world’s leading connected streaming media company, delivers the best curated audio and video content to consumers worldwide. As a pioneer in multiplatform streaming and distribution, Stingray’s vast digital content portfolio includes thousands of live audio and radio stations, premium music channels, concerts and music documentaries, karaoke products, as well as ambience and wellness channels. Its offering is distributed via connected TVs, smart speakers, mobile, connected cars and retail. Reaching hundreds of millions of consumers every month, Stingray's products offer an unparalleled advertising reach, enabling brands to connect with an engaged audience across the world. Home to globally renowned brands such as TuneIn, Singing Machine, Stingray Karaoke and Qello Concerts, Stingray is powered by a worldwide team of more than 1,000 employees. For more information, visit www.stingray.com.Contact information:Mathieu PéloquinSenior Vice-President, Marketing and CommunicationsStingray Group Inc.(514) 664-1244, ext. 2362mpeloquin@stingray.com
On March 26, 2026, Stingray Group Inc., a leading music, media, and technology company, announced its quarterly dividend to shareholders. This announcement reflects the company's ongoing commitment to returning value to its investors.
The declared dividend is set at $0.10 per share and will be payable on April 20, 2026, to shareholders listed on the company's records by April 6, 2026. This consistent dividend payment strategy underscores Stingray's strong financial position and growth potential in the competitive media landscape.
The decision to declare a dividend is part of Stingray’s efforts to provide shareholders with a reliable income stream and to attract investment by showcasing its operational stability. The company's robust performance in recent quarters, driven by its expanding services and growing subscriber base, supports this dividend payout.
Investors will benefit from the company’s focus on enhancing shareholder value through strategic investments, innovative service offerings, and the ability to adapt in the evolving media and technology space. Stingray’s Board of Directors has demonstrated confidence in the company's future, as they continue to balance reinvestment for growth and shareholder returns.
Furthermore, this dividend declaration comes at a time when Stingray is looking to expand its international reach and enhance its portfolio. The company's initiatives in diversifying its service offerings and entering new markets are aimed at solidifying its leadership position in the industry.
In conclusion, Stingray Group Inc.'s quarterly dividend announcement not only represents a monetary return for shareholders but also reflects the company's strategic direction and commitment to fostering investor confidence. As they continue to innovate and grow, Stingray remains positioned as a formidable player in the media and technology sector.