Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock
Cowen 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 has declared a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. This dividend is payable on May 17, 2021, to shareholders of record by May 1, 2021. Established in 1918, Cowen operates as a diversified financial services firm providing various investment banking and research services. The company aims to deliver value-added capabilities to assist clients in outperforming in the market.
Positive
- Quarterly cash dividend of $14.06 per share enhances shareholder income.
- Dividend scheduled for payment indicates company confidence and financial stability.
Negative
- None.
Details
News Market Reaction – COWN
The recorded move for COWN in the trading session of this news was -0.15%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, April 29, 2021 (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 May 17, 2021, to holders of record at the close of business on May 1, 2021.
About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. 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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