Cablevision Dividend Back On?


The $3 billion special dividend for Cablevision Systems Corp. shareholders -- pulled by the company in December as it looked into possible loan-covenant violations tied to borrowings to fund the payout -- could be back on.

In a Securities and Exchange Commission filing late Tuesday, Cablevision said it has completed the review of its debt-compliance issues and has found that it is in compliance with all of its debt covenants.

“The company has determined that no reclassification of debt or other adjustments to its previously issued financial statements are required as a result of the foregoing matters,” Cablevision said in a statement. “The company’s board of directors is expected to begin reconsideration of a possible special dividend at its regularly scheduled meeting in March.”