CuriosityStream (Nasdaq: CURI), a leading global factual entertainment company, announced today a significant boost to its dividend payout.
The company’s Board of Directors has increased the upcoming dividend, payable on March 28th, from 0.025 per share to 0.025 per share to 0.03 per share – a 20% increase. This marks a strong vote of confidence in the company’s performance and future prospects.
The increased dividend, payable to shareholders of record as of March 14th, follows a period of solid growth for CuriosityStream.
Clint Stinchcomb, President and CEO, attributed the move to a combination of factors. “This dividend increase reflects our confidence in our team, our strategy, and our financial performance,” Stinchcomb stated. “Alongside continued growth in our subscription businesses, we are poised for significant revenue expansion from data licensing for AI model training.”
This dividend increase reflects our confidence in our team, our strategy, and our financial performance, Alongside continued growth in our subscription businesses, we are poised for significant revenue expansion from data licensing for AI model training.
Clint Stinchcomb, President and CEO
CuriosityStream is actively capitalizing on the burgeoning AI market by providing its vast library of video and audio content to leading technology companies.
The company is reportedly supplying hundreds of thousands of hours of premium assets to train next-generation AI models, representing a new and potentially lucrative revenue stream.
While the dividend hike signals optimism, it’s important to note that the company’s forward-looking statements are subject to inherent uncertainties in the market. Potential risks include maintaining revenue-generating partnerships, navigating the competitive media landscape, and adapting to evolving legislation and technological advancements.
Investors are encouraged to review CuriosityStream’s SEC filings for a comprehensive overview of these risks.
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