Cablevision 2013 Annual Report Download - page 139

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
F-30
CSC Holdings Membership Interests
CSC Holdings has 17,631,479 membership units issued and outstanding as of December 31, 2013 and
2012, respectively, which are all owned by Cablevision, its sole owner.
In September 2012, CSC Holdings issued 3,198,729 membership interests to Cablevision in connection
with Cablevision's $735,000 cash contribution to CSC Holdings. Such contribution was funded by the net
proceeds from Cablevision's senior notes issued in September 2012.
Dividends
Cablevision may pay dividends on its capital stock only from net profits and surplus as determined under
Delaware law. If dividends are paid on CNYG common stock, holders of CNYG Class A common stock
and CNYG Class B common stock are entitled to receive dividends, and other distributions in cash, stock
or property, equally on a per share basis, except that stock dividends with respect to CNYG Class A
common stock may be paid only with shares of CNYG Class A common stock and stock dividends with
respect to CNYG Class B common stock may be paid only with shares of CNYG Class B common stock.
CSC Holdings may make distributions on its membership interests only if sufficient funds exist as
determined under Delaware law.
Cablevision's and CSC Holdings' indentures and CSC Holdings credit agreement restrict the amount of
dividends and distributions in respect of any equity interest that can be made.
The Board of Directors of Cablevision declared the following cash dividends to stockholders of record on
both its CNYG Class A common stock and CNYG Class B common stock:
Declaration Date Dividend per Share Record Date Payment Date
November 6, 2013 $0.15 November 22, 2013 December 13, 2013
July 30, 2013 $0.15 August 15, 2013 September 5, 2013
May 7, 2013 $0.15 May 24, 2013 June 14, 2013
February 26, 2013 $0.15 March 15, 2013 April 3, 2013
October 24, 2012 $0.15 November 7, 2012 November 28, 2012
August 1, 2012 $0.15 August 14, 2012 September 4, 2012
May 1, 2012 $0.15 May 17, 2012 June 1, 2012
February 22, 2012 $0.15 March 9, 2012 March 30, 2012
October 27, 2011 $0.15 November 11, 2011 December 2, 2011
August 5, 2011 $0.15 August 19, 2011 September 9, 2011
May 4, 2011 $0.15 May 16, 2011 June 6, 2011
February 15, 2011 $0.125 February 28, 2011 March 21, 2011
Cablevision paid dividends aggregating $159,709, $163,872 and $162,032 in 2013, 2012 and 2011,
respectively, including accrued dividends on vested restricted shares of $3,092, $5,987, and $3,059,
respectively, primarily from the proceeds of equity distribution payments from CSC Holdings. In
addition, as of December 31, 2013, up to approximately $6,058 will be paid when, and if, restrictions
lapse on restricted shares outstanding.