Hyperscale Data Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock
Rhea-AI Summary
Hyperscale Data (NYSE American: GPUS) has announced two dividend declarations and one deferral. The Board declared a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, payable on February 10, 2025, to shareholders of record as of January 31, 2025.
Additionally, the company declared a prorated dividend of $0.15278 per share for its 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock, representing the previously deferred dividend for December 2024. However, the Board has elected to defer the January 2025 monthly dividend for the Series E Preferred Stock. The company notes that it can defer up to 12 consecutive monthly dividend payments on Series E Preferred Stock without being considered missed, as these are cumulative dividends that accrue for future payment.
Positive
- Maintaining Series D Preferred Stock dividend payments
- Payment of previously deferred Series E Preferred Stock dividend
- Dividend deferral rights provide financial flexibility
Negative
- Deferral of January 2025 Series E Preferred Stock dividend indicates potential cash flow concerns
- Second consecutive month of dividend-related issues for Series E Preferred Stock
Hyperscale Data Further Declares Previously Deferred Monthly Cash Dividend of
LAS VEGAS, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its Board of Directors (the “Board”) has declared a monthly cash dividend of
Link to NYSE quote for the Company’s
The Company further announced today that the Board has declared a monthly cash dividend of
In addition, the Board has elected not to declare a monthly cash dividend on the Series E Preferred Stock for the month ending January 31, 2025. The certificate of designations for the Series E Preferred Stock permits the Company to defer up to 12 consecutive monthly dividend payments on the Series E Preferred Stock without such deferrals being considered missed. The Company notes that the dividend is a cumulative dividend that accrues for payment in the future.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors, and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; Hyperscale Data, Inc.
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.hyperscaledata.com.
Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235
FAQ
What is the dividend amount for GPUS Series D Preferred Stock for February 2025?
Why did GPUS defer the January 2025 Series E Preferred Stock dividend?
What is the payment date for GPUS's deferred December 2024 Series E Preferred dividend?
How many consecutive monthly dividends can GPUS defer on Series E Preferred Stock?
