IAC/InterActive to Pay First Dividend

Published on November 3, 2011
by Emily Steel

IAC/InterActiveCorp., owner of and dating site, reported sharply higher earnings and said it would start paying a quarterly dividend.

The New York-based company will pay a dividend of 12 cents a share, starting in December, costing about $9.8 million a quarter. The move is notable because fast-growing companies, such as those in the Internet sector, typically preserve cash for expansion rather than return it to shareholders.

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