The Middleton Doll Company (OTC:MDLL) has declared a cash dividend of $0.1311 per common share. The dividend will be payable to shareholders of record as of April 19, 2010. The dividend will payable on April 30, 2010. The company has also announced a partial redemption of the company’s Adjustable Rate Cumulative Preferred Stock, Series A, par value $0.01 per share. The company expects the redemption of the preferred stock to take place on June 4, 2010. The company will make total payments of $1.56 million to the holders of the preferred stock in effect of the partial redemption.
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Middleton Doll Company consists of two business segments, the consumer products business segment and the financial services business segment. The consumer products business segment is a component of Lee Middleton Original Dolls, Inc. (LMOD) and its wholly owned subsidiary License Products, Inc. (LPI). LMOD is a designer and distributor of lifelike collectible and play dolls. LPI is a designer and distributor of clocks and home decor products.
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