Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock
Cowen Inc. (NASDAQ:COWN) has declared a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Cowen Inc. (NASDAQ:COWN) has declared a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. The dividend payment is scheduled for August 15, 2022, to shareholders on record as of August 1, 2022. This announcement highlights Cowen's commitment to returning value to its shareholders through consistent dividend payments.
Positive
- Quarterly cash dividend of $14.06 per share demonstrates commitment to shareholder returns.
- Scheduled payment date of August 15, 2022, shows timely disbursement.
Negative
- None.
Details
News Market Reaction – COWN
The recorded move for COWN in the trading session of this news was +5.09%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, July 29, 2022 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of
The quarterly dividend on the Convertible Preferred Stock is payable on August 15, 2022, to holders of record at the close of business on August 1, 2022.
About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that provides investment banking, research, sales and trading, prime brokerage, outsourced trading, and commission management services. Cowen also has an investment management division which offers actively managed alternative investment products. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com
For further information, contact:
Cowen Inc.
J.T. Farley, Investor Relations
(646) 562-1056
james.farley@cowen.com
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