Zedge Raises Quarterly Dividend 25% to $0.02 Per Share
Zedge, Inc. (NYSE American: ZDGE), a digital marketplace and interactive games company, declared a quarterly cash dividend of $0.02 per share, representing a 25% increase from its prior $0.016 dividend. The board approved the increase on March 25, 2026.
Zedge, Inc. (NYSE American: ZDGE), a digital marketplace and interactive games company, declared a quarterly cash dividend of $0.02 per share, representing a 25% increase from its prior $0.016 dividend. The board approved the increase on March 25, 2026. Read more dividend announcements.
The dividend is payable April 15, 2026 to stockholders of record as of April 6, 2026. The new quarterly rate equates to an annualized dividend of $0.08 per share.
Zedge initiated its quarterly dividend program just five months ago. Chief Executive Officer Jonathan Reich cited the company's strong free cash flow generation and balance sheet strength as support for the increase.
"Free cash flow increased 31% year over year, and our balance sheet remains debt-free with $19.1 million in cash," Reich said. "The broad-based record performance we have seen since then gives us the confidence to implement this increase."
Reich noted the dividend increase does not constrain the company's ability to invest in growth initiatives or repurchase shares when market conditions warrant.
| Dividend Details | Information |
|---|---|
| Amount | $0.02 per share |
| Previous Amount | $0.016 per share |
| Percentage Increase | 25% |
| Record Date | April 6, 2026 |
| Payment Date | April 15, 2026 |
| Annualized Rate | $0.08 per share |
Recent Financial Performance
The company reported record revenue, average revenue per monthly active user, active subscriptions, and Zedge Premium gross transaction value in its most recent quarter. Free cash flow grew 31% year over year.
Zedge's balance sheet carries no debt and held $19.1 million in cash at the end of the quarter.
The company operates a suite of digital platforms including the Zedge Marketplace for mobile phone content, pAInt generative AI tools, GuruShots photography game, and Emojipedia.