dividend
confidence high
sentiment neutral
materiality 0.40
APi Group issues ~8.3M common shares to settle 2023 preferred dividends
APi Group Corp
- Board approved stock dividend of 7,944,104 common shares on 4M Series A preferred shares for 2023 annual dividend.
- Additional 337,044 common shares issued to Series B preferred holders for Q4 2023 dividend.
- Total common shares outstanding after issuance: 243,856,464 (before certain equity awards).
- Dividend settled in shares because 10-day VWAP of $33.9465 exceeded prior highest price of $24.3968.