LIVONIA, Mich., March 11, 2013 /PRNewswire/ -- Valassis
(NYSE: VCI), today announced that its Board of Directors (the
"Board") has declared a cash dividend for the quarter ending
March 31, 2013 of $0.31 per share of Valassis' common stock,
payable on April 15, 2013 to
Valassis' stockholders of record at the close of business on
March 28, 2013.
The timing and amount of future dividends under Valassis'
dividend policy are subject to the discretion and approval of the
Board and Valassis' compliance with all laws and agreements of
Valassis applicable to the declaration and payment of cash
dividends. Valassis may modify, suspend or discontinue the dividend
policy at any time at its discretion.
About Valassis
Valassis (NYSE: VCI) is a leader in intelligent media delivery,
providing over 15,000 advertisers proven and innovative media
solutions to influence consumers wherever they plan, shop, buy and
share. By integrating online and offline data combined with
powerful insights, Valassis precisely targets its clients' most
valuable shoppers, offering unparalleled reach and scale.
Valassis subsidiaries include Brand.net, a Valassis Digital
Company, and NCH Marketing Services, Inc. Valassis consumer brands
include RedPlum® and save.com. Its signature Have You
Seen Me?® program delivers hope to missing children and
their families. To learn more, visit Valassis.com.
Cautionary Statements Regarding Forward-looking
Statements
This document contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements involve known and unknown
risks and uncertainties and other factors which may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors include, among others, the following: price competition
from our existing competitors; new competitors in any of our
businesses; possible consolidation in our client base, a
significant decrease in the number of stores in our in-store
retailer network or a shift in client preferences for different
promotional materials, strategies or coupon delivery methods,
including, without limitation, as a result of declines in newspaper
circulation and/or increased competition from new media formats
including digital; an unforeseen increase in paper or postal costs;
changes which affect the businesses of our clients and lead to
reduced sales promotion spending, including, without limitation, a
decrease of marketing budgets which are generally discretionary in
nature and easier to reduce in the short-term than other expenses;
our substantial indebtedness, and ability to refinance such
indebtedness, if necessary, and our ability to incur additional
indebtedness, may affect our financial health; the financial
condition, including bankruptcies, of our clients, suppliers,
senior secured credit facility lenders or other counterparties;
certain covenants in our debt documents could adversely restrict
our financial and operating flexibility; fluctuations in the
amount, timing, pages, weight and kinds of advertising pieces from
period to period, due to a change in our clients' promotional
needs, inventories and other factors, including, without
limitation, high levels of coupon redemption rates; our failure to
attract and retain qualified personnel may affect our business and
results of operations; a rise in interest rates could increase our
borrowing costs; governmental regulation or litigation affecting
aspects of our business, including laws and regulations related to
the internet, internet-related technologies and activities, privacy
and data security; potential security measure breaches or attacks;
clients experiencing financial difficulties, or otherwise being
unable to meet their obligations as they become due, could affect
our results of operations and financial condition; uncertainty in
the application and interpretation of applicable state sales tax
laws may expose us to additional sales tax liability; a reduction
in, or discontinuance of, dividend payments or stock repurchases;
and general economic conditions, whether nationally,
internationally, or in the market areas in which we conduct our
business, including the adverse impact of the ongoing economic
downturn on the marketing expenditures and activities of our
clients and prospective clients as well as our vendors, with whom
we rely on to provide us with quality materials at the right prices
and in a timely manner. These and other risks and uncertainties
related to our business are described in greater detail in our
filings with the United States Securities and Exchange Commission,
including our reports on Forms 10-K and 10-Q and the foregoing
information should be read in conjunction with these filings.
We disclaim any intention or obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Valassis