SOURCE: Thomas Nelson, Inc.

May 19, 2005 19:00 ET

Thomas Nelson Declares Cash Dividend and Announces Shareholder Meeting Date

NASHVILLE, TN -- (MARKET WIRE) -- May 19, 2005 -- Thomas Nelson, Inc. (NYSE: TNM) today announced that the Board of Directors has declared a cash dividend of $0.05 (five cents) per share for each Common and Class B Common share outstanding. This represents an indicated annual cash dividend of $0.20 (twenty cents) per share. The dividend is payable July 19, 2005, to shareholders of record at the close of business on July 5, 2005.

The Board of Directors has also announced that the Annual Meeting of Shareholders is scheduled for 11:00 a.m. on Thursday, August 18, 2005. The meeting will be held at the Hilton Suites Nashville, 121 4th Avenue, South, Nashville, TN. Proxy Statements and ballots will be mailed on or about July 8, 2005, to shareholders of record as of June 21, 2005.

Thomas Nelson, Inc. is a leading publisher and distributor of books emphasizing Christian, inspirational and family value themes and believes it is the largest publisher of Bibles and inspirational books. For more information, visit the Company's website at www.thomasnelson.com.

Thomas Nelson's stock is listed on the New York Stock Exchange (NYSE: TNM).

This news release includes certain forward-looking statements (all statements other than those made solely with respect to historical fact) and the actual results may differ materially from those contained in the forward-looking statements due to known and unknown risks and uncertainties. Any one or more of several risks and uncertainties could account for differences between the forward-looking statements that are made today and the actual results, including with respect to our sales, profits, liquidity and capital position. These factors include, but are not limited to: risks relating to our ability to satisfy regulatory requirements with respect to our internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002, which requires us to perform an evaluation of our internal control over financial reporting and have our auditor attest to such evaluation; softness in the general retail environment or in the markets for our products; the timing and acceptance of products being introduced to the market; the level of product returns experienced; the level of margins achievable in the marketplace; the collectibility of accounts receivable; the recoupment of royalty advances; the effects of acquisitions or dispositions, the financial condition of our customers and suppliers; the realization of inventory values at carrying amounts; our access to capital; the outcome of any Internal Revenue Service audits; and the realization of income tax and intangible assets. These conditions cannot be predicted reliably and the Company may adjust its strategy in light of changed conditions or new information. Thomas Nelson disclaims any obligation to update forward-looking statements.

Contact Information

  • Joe L. Powers
    Executive Vice President
    P.O. Box 141000
    Nashville, TN 37214-1000
    Phone: (615) 902-1300
    Fax: (615) 883-6353
    Website: www.thomasnelson.com