Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock

Cowen Inc. (NASDAQ:COWN) announced a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock.

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(Moderate)

Rhea-AI Sentiment

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Rhea-AI Summary

Cowen Inc. (NASDAQ:COWN) announced a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on May 16, 2022, to shareholders on record as of May 1, 2022. This announcement highlights Cowen's commitment to returning value to its shareholders.

Positive

Quarterly cash dividend of $14.06 per share demonstrates company confidence and commitment to shareholders.
Dividend payment scheduled for May 16, 2022, indicating consistent income for investors.

Negative

None.

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News Market Reaction – COWN

The recorded move for COWN in the trading session of this news was +8.05%.

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04/29/2022 - 04:10 PM EDT

NEW YORK, April 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 $14.06 per share on the Company’s 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”).

The quarterly dividend on the Convertible Preferred Stock is payable on May 16, 2022, to holders of record at the close of business on May 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, global clearing, 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Cowen Inc. for its Series A Preferred Stock?

Cowen Inc. declared a dividend of $14.06 per share for its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock.

When is the dividend for Cowen Inc. payable?

The dividend is payable on May 16, 2022.

What is the record date for the dividend payment from Cowen Inc.?

The record date for the dividend payment is May 1, 2022.

How often does Cowen Inc. pay dividends on its preferred stock?

Cowen Inc. pays dividends quarterly on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock.

Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock