Astral hikes dividend on strength of 2011 results

MONTREAL – Astral Media increased its shareholder dividend by 33.3% after recording 2011 revenues that exceeded the billion dollar mark. Speaking to company shareholders Tuesday in Montreal, president and CEO Ian Greenberg attributed the results to “financial discipline” and the “balanced contribution” of Astral’s television, radio and out-of-home business units. "Our solid track record and healthy balance sheet also enabled us to further invest in our brands and properties to ensure that they remain must-buys in their respective markets and that they continue to be highly attractive to consumers”, he added. “As we look forward, the focus of our team...