If you are looking for a good dividend stock then consider INSP - Infospace. Share price is only around $17-$18 and the dividend announced is $9. Sounds great, right? Time to buy INSP is now!!
InfoSpace doling out $300 million to shareholders Thursday November 15, 2:09 pm ET
InfoSpace Inc. said its shareholders will receive $9 for each share they own as part of a special cash distribution of $300 million. Officials at the Bellevue online technology company said the move follows their September sale of the InfoSpace online directory business, which includes switchboard.com and online white and yellow pages services, to Idearc Inc. for $225 million in cash.
The distribution will be paid on or about Jan. 8, 2008, to shareholders of record as of Dec. 10.
InfoSpace (NASDAQ: INSP - News) also said that as soon as it closes on its October sale of its mobile services division to Motricity for $135 million in cash, it will return "a significant portion of those net proceeds to shareholders."
After that deal closes, officials said that "InfoSpace will be a focused, online search company that is well positioned for growth and success."