Burnham Holdings, Inc. Declares Dividends, Announces Date of Annual Meeting and Director Retirement

Rhea-AI Summary

Burnham Holdings (OTC-Pink: BURCA) has announced its latest dividend declarations and key corporate updates. The Board of Directors declared a quarterly common stock dividend of $0.23 per share and a semi-annual preferred stock dividend of $1.50 per share, both payable December 30, 2024, with a record date of December 19, 2024.

The company will hold its Annual Meeting virtually on April 28, 2025, at 11:30 a.m. eastern. Additionally, William F. Dodge, II, who served as director since 1999, announced his immediate retirement from the Board of Directors.

Burnham Holdings is a parent company of multiple subsidiaries manufacturing boilers, furnaces, and HVAC products for residential, commercial, and industrial applications.

Positive

• Consistent dividend payment maintained for both common and preferred stockholders
• Strong corporate governance with planned virtual annual meeting

Negative

• Loss of experienced board member with over 24 years of service

News Market Reaction – BURCA

+0.30%

1 alert

+0.30% News Effect

On the day this news was published, BURCA gained 0.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LANCASTER, Pa., Dec. 12, 2024 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our") today announced common and preferred stock dividends.

At its meeting on December 12, 2024, Burnham Holdings, Inc.'s Board of Directors declared a quarterly common stock dividend of $0.23 per share and a semi-annual preferred stock dividend of $1.50 per share, both payable December 30, 2024, with a record date of December 19, 2024.

Burnham Holdings, Inc.'s Annual Meeting will be held virtually via a secure website meeting platform on Monday, April 28, 2025, beginning at 11:30 a.m. eastern.

Also today, William F. Dodge, II announced his retirement from the Company's Board of Directors effective immediately. Mr. Dodge had been a director of BHI since 1999 and was one of the longest-serving directors in our history. We thank Bill for his many years of dedicated service on the Board of Directors and wish him well in his retirement. His insights and leadership will be missed.

About Burnham Holdings, Inc.: BHI is the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers, furnaces and related HVAC products and accessories for residential, commercial, and industrial applications. BHI is listed on the OTC Exchange under the ticker symbol "BURCA". For more information, please visit www.burnhamholdings.com.

View original content:https://www.prnewswire.com/news-releases/burnham-holdings-inc-declares-dividends-announces-date-of-annual-meeting-and-director-retirement-302330749.html

SOURCE Burnham Holdings, Inc.

FAQ

What is the dividend amount for Burnham Holdings (BURCA) common stock in December 2024?

Burnham Holdings declared a quarterly common stock dividend of $0.23 per share, payable December 30, 2024, with a record date of December 19, 2024.

When is Burnham Holdings (BURCA) 2025 Annual Meeting?

Burnham Holdings' Annual Meeting will be held virtually on Monday, April 28, 2025, at 11:30 a.m. eastern.

What is the preferred stock dividend amount for BURCA in December 2024?

Burnham Holdings declared a semi-annual preferred stock dividend of $1.50 per share, payable December 30, 2024.

Which long-serving director retired from Burnham Holdings' board in December 2024?

William F. Dodge, II, who had been a director since 1999, announced his immediate retirement from the Board of Directors.