IAC/InterActive to Pay First Dividend
IAC/InterActiveCorp., owner of Ask.com and dating site Match.com, reported sharply higher earnings and said it would start paying a quarterly dividend.
The New York-based company will pay a dividend of 12 cents a share, starting in December, costing about $9.8 million a quarter. The move is notable because fast-growing companies, such as those in the Internet sector, typically preserve cash for expansion rather than return it to shareholders.