dividend
confidence high
sentiment neutral
materiality 0.25
Cemtrex to pay Series 1 Preferred stock dividend in additional shares
CEMTREX INC
- Board resolved to pay 10% annual dividend on Series 1 Preferred in additional shares instead of cash.
- Dividend payable October 7, 2024 to holders of record on September 30, 2024.
- Dividend rate is 10% per annum on the $10.00 per share Preference Amount, paid semiannually.
- New Series 1 Preferred shares issued as a stock dividend are unregistered equity securities.