The Board of Directors of Waddell & Reed Financial, Inc. (NYSE: WDR) approved a quarterly dividend on its Class A common stock of $0.19 per share payable on May 3, 2010 to stockholders of record as of April 5, 2010.
Waddell & Reed Financial, Inc. will announce first quarter 2010 earnings before trading begins on the New York Stock Exchange, Tuesday, April 27, 2010. Henry J. Herrmann, chief executive officer, will host a conference call on April 27th at 10:00 a.m. Eastern. To listen to this call live on the internet, visit our Web site at www.waddell.com. A replay will be available on our Web site beginning April 27th at approximately 1:00 p.m. Eastern, until 11:59 p.m. Eastern, May 4th.
About the Company
Waddell & Reed, Inc., founded in 1937, is one of the oldest mutual fund complexes in the United States, having introduced the Waddell & Reed Advisors Group of Mutual Funds in 1940. Today, we distribute our investment products through the Waddell & Reed Advisors channel (our network of financial advisors), our Wholesale channel (encompassing broker/dealer, retirement, registered investment advisors as well as the activities of our Legend subsidiary), and our Institutional channel (including defined benefit plans, pension plans and endowments, as well as the activities of ACF and our subadvisory partnership with Mackenzie in Canada).
Through its subsidiaries, Waddell & Reed Financial, Inc. provides investment management and financial planning services to clients throughout the United States. Waddell & Reed Investment Management Company serves as investment advisor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios, Inc. and Waddell & Reed InvestEd Portfolios, Inc., while Ivy Investment Management Company serves as investment advisor to Ivy Funds, Inc. and the Ivy Funds portfolios. Waddell & Reed, Inc. serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, Ivy Funds Variable Insurance Portfolios, Inc. and Waddell & Reed InvestEd Portfolios, Inc., while Ivy Funds Distributor, Inc. serves as principal underwriter and distributor to Ivy Funds, Inc. and the Ivy Funds portfolios.
Contacts:
Waddell & Reed Financial, Inc.
Nicole McIntosh,
913-236-1880
AVP, Investor Relations
