Foothill to Occasionally Issue Stock as Dividends
- Share via
The Foothill Group, a commercial lender with headquarters in Agoura Hills and West Los Angeles, announced that from time to time, it will issue stock instead of cash dividends in an effort to reduce debt.
The decision, approved by the company’s board of directors Friday, means that Foothill will eliminate its fourth-quarter cash dividend normally scheduled Jan. 21 to shareholders of record as of Dec. 20.
The company said it reduced its liabilities from $86.2 million on Dec. 31 to $61.2 million as of Sept. 30.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.