McRae Industries, Inc. Dividend Declared

Rhea-AI Summary

McRae Industries declared a dividend of $0.14 per share on its Class A and Class B Common Stock. This dividend is payable on June 26, 2024, to shareholders of record on June 12, 2024.

Positive

• McRae Industries declared a dividend of $0.14 per share, showing consistent return to shareholders.
• The dividend will be paid on June 26, 2024, indicating a specific and near-term benefit to investors.

Negative

• The small dividend amount of $0.14 per share may not significantly boost investor confidence or stock value.
• The announcement lacks information on any strategic business developments or future growth prospects.

News Market Reaction

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1 alert

% News Effect

On the day this news was published, MCRAB declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MOUNT GILEAD, N.C., May 30, 2024 /PRNewswire/ -- McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) declared a dividend of $.14 per share on the Company's Class A and Class B Common Stock payable on June 26, 2024 to shareholders of record on June 12, 2024.

View original content:https://www.prnewswire.com/news-releases/mcrae-industries-inc-dividend-declared-302159797.html

SOURCE McRae Industries, Inc.

FAQ

What dividend did McRae Industries declare on May 30, 2024?

McRae Industries declared a dividend of $0.14 per share on its Class A and Class B Common Stock.

When is the record date for McRae Industries' dividend?

The record date for the dividend is June 12, 2024.

When will McRae Industries pay the declared dividend?

The dividend will be paid on June 26, 2024.