Zedge Announces Initiation of Quarterly Cash Dividend

Core Viewpoint - Zedge, Inc. has announced the initiation of a quarterly cash dividend program, reflecting confidence in its long-term growth prospects and strong financial position [1] Financial Performance - The company maintains a strong cash position and a debt-free balance sheet, which supports ongoing free cash flow generation [1] - The initiation of the dividend program is part of Zedge's capital return initiatives aimed at enhancing shareholder value [1] Management Commentary - CEO Jonathan Reich emphasized that the quarterly dividend reflects the company's confidence in its ability to generate free cash flow and its strong balance sheet [1]