Emerging Gamer (COOL) +60% After Special Dividend

Steve Kanaval |

Shares of Majesco Entertainment (COOL) are trading 60% higher today after its Board of Directors authorized a special dividend of $0.33 per common share (including common share equivalents) in cash, payable on January 15, 2016 to shareholders of record as of January 14, 2016.

Barry Honig, Co-Chairman and Chief Executive Officer, commented: "This special dividend is another step in returning value to shareholders. We will continue to explore options for delivering value with our low overhead and cash position."

The exact dividend amount is subject to final calculation. Shareholders do not need to take any action to receive the dividend. Shares held in brokerage accounts and street name should receive the dividend by credit to their brokerage account.

Majesco Entertainment Company develops, publishes, and distributes video game products primarily for casual-game consumers worldwide. The company publishes video games for various interactive entertainment hardware platforms, including Nintendo’s DS, DSi, 3DS, Wii and WiiU, Sony’s PlayStation 3, Microsoft’s Xbox 360 and Xbox One, and the personal computers.

They also publish games for various digital platforms consisting of Xbox Live Arcade and PlayStation Network; mobile platforms, such as the iOS and Android phones; and online platforms, including Facebook and Steam. The company sells its products primarily to large retail chains, specialty retail stores, video game rental outlets, and distributors. Majesco Entertainment Company was founded in 1998 and is based in Edison, New Jersey.

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Symbol Name Price Change % Volume
COOL Majesco Entertainment Company 3.26 0.02 0.64 3,684


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