Indigo Books & Music Inc. announced that the Board of Directors approved a quarterly dividend of 11 cents per common share to be paid on May 30, 2013 to all shareholders of record as of May 14, 2013.

Indigo Books & Music Inc. Presents at ETail Canada, Apr-29-2013 04:30 PM. Venue: Hyatt Regency on King St., Toronto, Canada. Speakers: Renee Racine-Kinnear, Director of Online Customer Experience.

Indigo Books & Music Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended December 29, 2012. For the quarter, the company's revenues were CAD 335.6 million compared with CAD 352.9 million a year ago. The decrease was due to lower eReader revenues and declining book sales, as consumers shift to digital reading, and the absence of any hit books as against two blockbusters last holiday. Operating earnings were CAD 29.1 million compared with CAD 31.7 million a year ago. Earnings before income taxes were CAD 29.7 million compared with CAD 31.7 million a year ago. Earnings and comprehensive earnings for the period from continuing operations was CAD 22.0 million or CAD 0.86 per diluted share compared with CAD 23.7 million or CAD 0.93 per diluted share a year ago. Net earnings and comprehensive earnings attributable to shareholders of the company was CAD 22.0 million or CAD 0.86 per diluted share compared with CAD 14.4 million or CAD 0.56 per diluted share a year ago. The increase in the net earnings was due to the elimination of losses from discontinued operations as a result of the sale of Kobo in January 2013 partially offset by increased investment in the business transformation. Cash flows from operating activities were CAD 129.9 million compared with CAD 90.6 million a year ago. Purchase of property, plant and equipment was CAD 3.4 million compared with CAD 4.7 million a year ago. Addition of intangible assets was CAD 2.3 million compared with CAD 2.2 million a year ago. For the nine months, the company's revenues were CAD 707.6 million compared with CAD 738.1 million a year ago. Operating earnings were CAD 13.1 million compared with operating loss of CAD 13.92 million a year ago. Earnings before income taxes were CAD 14.9 million compared with loss before income taxes of CAD 13.99 million a year ago. Earnings and comprehensive earnings for the period from continuing operations was CAD 12.5 million or CAD 0.49 per diluted share compared with loss and comprehensive loss from continuing operations of CAD 17.1 million or CAD 0.68 per diluted share a year ago. Net earnings and comprehensive earnings attributable to shareholders of the company was CAD 12.5 million or CAD 0.49 per diluted share compared with net loss and comprehensive loss attributable to shareholders of the company of CAD 38.9 million or CAD 1.54 per diluted share a year ago. Cash flows from operating activities were CAD 127.8 million compared with CAD 53.8 million a year ago. Purchase of property, plant and equipment was CAD 6.95 million compared with CAD 10.5 million a year ago. Addition of intangible assets was CAD 6.9 million compared with CAD 6.0 million a year ago. The Board of Directors approved a quarterly dividend of 11 cents per common share to be paid on March 6, 2013, to all shareholders of record as of February 19, 2013.