MIND Technology Declares Cash Dividend on its 9.00% Series A Cumulative Preferred Stock

Rhea-AI Summary

MIND Technology, Inc. has declared a cash dividend of $0.5625 per share on its 9.00% Series A Cumulative Preferred Stock for Q2 of the fiscal year ending January 31, 2022. This dividend is payable on July 31, 2021, to shareholders holding the stock as of July 15, 2021. MIND's Series A Preferred Stock trades under the ticker symbol MINDP.

The company focuses on marine technology solutions, operating primarily in Marine Exploration, Marine Survey, and Maritime Security, with a global presence.

AI-generated analysis. Not financial advice.

Positive

• Cash dividend of $0.5625 per share declared.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

News Market Reaction – MIND

-5.80%

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-5.80% News Effect

On the day this news was published, MIND declined 5.80%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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THE WOODLANDS, Texas, July 6, 2021 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has declared a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the second quarter of its fiscal year ending January 31, 2022.

In accordance with the terms of the 9.00% Series A Preferred Stock of the Company, the Board of Directors has declared a Series A Preferred Stock cash dividend of $0.5625 per share for the quarterly period that began on May 1, 2021 and ends on July 31, 2021. The dividend on the Series A Preferred Stock is payable on July 31, 2021 to holders of record at the close of business on July 15, 2021.  The Series A Preferred Stock is currently listed on the Nasdaq and trades under the ticker symbol "MINDP".

About MIND Technology

MIND Technology, Inc. provides technology and solutions for the marine technology industry. The Company is focused on three primary segments of this market: Marine Exploration, Marine Survey and Maritime Security. Headquartered in The Woodlands, Texas, MIND Technology has a global presence with key operating locations in the United States, Singapore, Malaysia and the United Kingdom. The Company's Klein and Seamap units design, manufacture and sell specialized, high performance sonar and seismic equipment. For more information, visit http://mind-technology.com.

Contacts:	Rob Capps, Co-CEO
	MIND Technology, Inc.
	936-291-2277
	Ken Dennard / Zach Vaughan
	Dennard Lascar Investor Relations
	713-529-6600
	MIND@dennardlascar.com

 

View original content:https://www.prnewswire.com/news-releases/mind-technology-declares-cash-dividend-on-its-9-00-series-a-cumulative-preferred-stock-301326341.html

SOURCE MIND Technology, Inc.

FAQ

What is the dividend amount for MIND's Series A Preferred Stock?

The dividend amount declared is $0.5625 per share.

When is the dividend payable for MIND's Series A Preferred Stock?

The dividend is payable on July 31, 2021.

What is the record date for the dividend on MIND's Series A Preferred Stock?

The record date for the dividend is July 15, 2021.

What is the ticker symbol for MIND's Series A Preferred Stock?

The ticker symbol for MIND's Series A Preferred Stock is MINDP.

What is MIND Technology's focus in the marine technology industry?

MIND Technology focuses on Marine Exploration, Marine Survey, and Maritime Security.