red violet Announces Special Cash Dividend Reflecting Operational Strength and Robust Cash Flow Generation

Core Insights - Red Violet, Inc. has declared a special cash dividend of $0.30 per share, amounting to approximately $4.2 million, payable on February 14, 2025, to shareholders of record as of January 31, 2025 [1][2] - The special dividend reflects the company's strong operational performance and financial resilience, allowing for ongoing investments in innovation and market expansion while enhancing shareholder returns [2][3] - The company has allocated $15.0 million to share buybacks, with $10.4 million already spent to repurchase 538,484 shares at an average price of $19.36 per share since May 2022 [4] Financial Performance - Red Violet's ability to generate significant cash flow has been highlighted as a key factor in funding investments and enhancing shareholder returns [2][3] - The company continues to build its cash position to record levels while maintaining a disciplined capital allocation strategy [2][4] Strategic Initiatives - The company is committed to investing in technology, infrastructure, security, and go-to-market capabilities to ensure long-term competitiveness and sustainability [4] - The CEO emphasized the importance of the special dividend as a commitment to delivering shareholder value while maintaining flexibility for strategic growth initiatives [3]