News Corp To Launch Semi-annual Dividend, Extends Stockholder Rights Plan

News Corp. said Thursday it is planning to initiate a semi-annual cash dividend of about 10 cents a share in the first quarter fiscal 2016, its first since the company was separated from 21st Century Fox Inc. in 2013. Separately, the company said its board has approved am amendment to its stockholder rights plan, which will be extended to June 18, 2018. Shares were not yet active in premarket trade, but are down almost 10% in the year so far, while the S&P 500 has gained 2%.