GlobeNewswire Inc | Sep 22, 2021 04:30PM EDT

September 22, 2021

DALLAS, Sept. 22, 2021 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) announced today that the Companys Board of Directors declared a quarterly cash dividend of $0.16 per share on September22, 2021. The dividend will be payable on December3, 2021 to shareholders of record at the close of business on November12, 2021.

AboutDallasNewsCorporation

DallasNews Corporation is the leading local news and information publishing company in Texas. The Company has a growing presence in emerging media and digital marketing, and maintains capabilities related to commercial printing, distribution and direct mail. DallasNews delivers news and information in innovative ways to a broad range of audiences with diverse interests and lifestyles. For additional information, visit dallasnewscorporation.com or email invest@dallasnews.com.

Statements in this communication concerning DallasNews Corporations business outlook or future economic performance, revenues, expenses, and other financial andnon-financialitems that are not historical facts, including statements about the Companys expectations relating to the reverse stock split, are forward-looking statements as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Companys control, and include changes in advertising demand and other economic conditions; consumers tastes; newsprint prices; program costs; labor relations; cybersecurity incidents; technological obsolescence; and the current and future impacts of the COVID-19 pandemic. Among other risks, there can be no guarantee that the board of directors will approve a quarterly dividend in future quarters; as well as other risks described in the Companys Annual Report on Form10-Kand in the Companys other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this filing, are not updated to reflect events or circumstances after the date of the statement.

Contact:Katy Murray214-977-8869