Blackbaud, Inc. Announces Fourth Quarter and Full Year 2008 Results
First Quarter 2009 Dividend and Share Repurchase Program
Blackbaud announced today that its Board of Directors has approved the payment of an annual dividend for 2009 of $0.40 per share, unchanged from 2008, and declared a first quarter dividend of $0.10 per share payable on March 13, 2009 to stockholders of record on February 27, 2009. Additionally, as of December 31, the Company had approximately $30 million remaining under its common stock share repurchase program that was authorized in May 2008.
Conference Call Details
Blackbaud will host a conference call today, February 5, 2009, at 5:00 p.m. (Eastern Time) to discuss the Company's financial results, operations and related matters. To access this call, dial 888-690-2879 (domestic) or 913-981-5522 (international). A replay of this conference call will be available through February 12, 2009, at 888-203-1112 (domestic) or 719-457-0820 (international). The replay passcode is 8066924. A live webcast of this conference call will be available on the "Investor Relations" page of the Company's website at www.blackbaud.com/investorrelations, and a replay will be archived on the website as well.
Blackbaud is the leading global provider of software and services designed specifically for nonprofit organizations, enabling them to improve operational efficiency, build strong relationships, and raise more money to support their missions. Approximately 22,000 organizations — including University of Arizona Foundation, American Red Cross, Cancer Research UK, The Taft School, Lincoln Center, InTouch Ministries, Tulsa Community Foundation, Ursinus College, Earthjustice, International Fund for Animal Welfare, and the WGBH Educational Foundation — use one or more Blackbaud products and services for fundraising, constituent relationship management, financial management, website management, direct marketing, education administration, ticketing, business intelligence, prospect research, consulting, and analytics. Since 1981, Blackbaud’s sole focus and expertise has been partnering with nonprofits and providing them the solutions they need to make a difference in their local communities and worldwide. Headquartered in the United States, Blackbaud also has operations in Canada, the United Kingdom, and Australia. For more information, visit www.blackbaud.com.