J2 Global Issues FY17 Guidance; Increases Quarterly Dividend - Quick Facts

(RTTNews) - j2 Global, Inc. (JCOM) announced, for fiscal 2017, the company estimates that it will achieve revenues between $1.13 and $1.17 billion and adjusted non-GAAP earnings per share of between $5.60 and $6.00. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.84 on revenue of $1.07 billion. Analysts' estimates typically exclude special items.

The company's Board has approved a quarterly cash dividend of $0.3650 per common share, a $0.01, or 2.8% increase versus last quarter's dividend. The dividend will be paid on March 9, 2017 to all shareholders of record as of the close of business on February 22, 2017.

The company has extended its one-year five million share repurchase program set to expire February 20, 2017 by an additional year. Approximately 1.9 million shares remain available for purchase under the program.