Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary

Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of January 31, 2024, and a payment date of February 12, 2024. The company advises stockholders, investors, and interested parties to refer to its public filings and press releases for more information.

Financial Analyst

The declaration of a monthly cash dividend for Ault Alliance's Series D Preferred Stock is a significant event for investors, particularly those holding this class of securities. A dividend yield of 13.00% is considerably higher than the average dividend yield of the S&P 500, which typically hovers around 2%. This high yield could indicate a robust income-generating asset for investors seeking steady cash flow. However, it is also essential to assess the sustainability of such a high dividend payout ratio, as it may reflect on the company's cash reserves and long-term financial strategy.

Investors should consider the company's overall financial health, including earnings, debt levels and cash flow statements, to determine whether the dividend is supported by strong fundamentals or if it's at risk of being cut in the future. Additionally, the performance of Ault Alliance's diversified holdings could impact the preferred stock's stability and attractiveness to income-focused investors.

Market Research Analyst

The impact of the dividend announcement on Ault Alliance's stock price could be multifaceted. On one hand, a high dividend payout can make the stock more attractive to income investors and potentially lead to an increase in the stock's price due to higher demand. On the other hand, the market may perceive such a high dividend rate as unsustainable or a sign that the company is not investing enough in growth opportunities, which could negatively affect the stock price.

Furthermore, the declaration of dividends can sometimes be interpreted as a signal of the company's confidence in its financial stability and future earnings. Market analysts might scrutinize the company's past dividend history and payout ratios in relation to its peers to forecast future performance and investor sentiment.

Economist

From an economic perspective, the decision by Ault Alliance to issue a monthly dividend on its preferred stock could be reflective of the company's capital allocation strategy and economic outlook. In a low-interest-rate environment, high-dividend stocks are particularly attractive as they offer better returns than many fixed-income alternatives. However, if interest rates are expected to rise, the relative attractiveness of high-dividend stocks may decrease, potentially affecting their market value.

Moreover, the broader economic context, including inflation rates and economic growth forecasts, should be taken into account. Inflation can erode the real value of dividend payments and economic downturns can put pressure on companies' ability to maintain high dividend payouts. Investors might look at these macroeconomic factors in conjunction with the company's dividend announcement to gauge the potential risks and rewards associated with holding the preferred stock.

LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is January 31, 2024, and the payment date is Monday, February 12, 2024.

Link to NYSE quote for the Company’s 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock: https://www.nyse.com/quote/XASE:AULTpD

For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240118641254/en/

Ault Alliance Investor Contact:

IR@Ault.com or 1-888-753-2235

Source: Ault Alliance, Inc.

What is the dividend amount declared by Ault Alliance, Inc. (AULT)?

Ault Alliance, Inc. (AULT) has declared a monthly cash dividend of $0.2708333 per share for its outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.

When is the record date for the dividend declared by Ault Alliance, Inc. (AULT)?

The record date for the dividend declared by Ault Alliance, Inc. (AULT) is January 31, 2024.

When is the payment date for the dividend declared by Ault Alliance, Inc. (AULT)?

The payment date for the dividend declared by Ault Alliance, Inc. (AULT) is Monday, February 12, 2024.

Where can stockholders and investors find more information about Ault Alliance, Inc. (AULT)?

Stockholders, investors, and any other interested parties can find more information about Ault Alliance, Inc. (AULT) in its public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov.