Marchex to pay dividend….there’s just one problem.
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Marchex (Ticker MCHX) recently announced that they will start paying a quarterly dividend of .02 per share, which at today’s closing price gives it a 1.7% yield. I was holding off commenting on this until the earnings came out, which happened today, as reported on TheDomains. After squeaking in a very negligible profit last quarter, they sunk back into loss territory this one. Which brings us to the one problem about the dividend:
Where are the earnings that they will supposedly come out of?