VALLEY COTTAGE, NY - (NewMediaWire) - October 21, 2015 - CreditRiskMonitor (OTCQX: CRMZ) announced that its Board of Directors has declared a special dividend of $0.05 per outstanding share of its common stock. The dividend will be payable on November 30, 2015 to shareholders of record at the close of business on November 9, 2015. The Board also authorized a 30% stock dividend. This stock dividend will be payable on December 15, 2015 to shareholders of record at the close of business on November 30, 2015.
Jerry Flum, CEO, said, "We believe our earnings and capital position give us the ability to pay this special dividend. Further, the stock dividend reflects the Board's confidence in our ability to drive long-term value to our shareholders and recognizes our growth prospects. The stock dividend should increase the overall shareholder base and liquidity in our stock."
CreditRiskMonitor (http://www.crmz.com) is a web-based publisher of financial information that helps busy corporate credit and procurement professionals stay ahead of and manage risk quickly, productively and accurately. The service offers comprehensive commercial credit reports and analysis covering public companies worldwide in competition with Dun & Bradstreet. Additionally, the Company collects from subscribers more than $100 billion of trade receivable data on both public and a select group of private companies every month. Over 35% of the Fortune 1,000 depend on CreditRiskMonitor's timely news alerts and reports featuring detailed analyses of financial statements, ratio analysis and trend reports, peer analyses, bond agency ratings, as well as the company's proprietary FRISK® scores, which have been proven 95% predictive in anticipating corporate financial stress, including bankruptcy.
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