Truxton Corporation Announces Increased Quarterly Cash Dividend for 2025, Special Cash Dividend, and a $5 Million Repurchase Authorization
Truxton (OTCPK: TRUX) has announced three significant shareholder-focused initiatives.
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Rhea-AI Summary
Truxton (OTCPK: TRUX) has announced three significant shareholder-focused initiatives. First, the Board approved a quarterly cash dividend of $0.50 per common share, payable March 25, 2025, marking a 16% increase from the 2024 quarterly dividend of $0.43. This represents the company's thirteenth consecutive year of increased regular dividends.
Additionally, shareholders will receive a special cash dividend of $1.00 per common share, also payable March 25, 2025. Both regular and special dividends will be paid to shareholders of record as of March 11, 2025.
The Board has also authorized a $5 million stock repurchase program to begin after Q4 earnings release and extend for one year. The repurchase program allows for shares to be purchased in open-market or private transactions at management's discretion.
Positive
- 16% increase in quarterly dividend from $0.43 to $0.50
- Additional special dividend of $1.00 per share
- 13 consecutive years of dividend increases
- $5 million share repurchase program authorization
Negative
- None.
Details
News Market Reaction – TRUX
The recorded move for TRUX in the trading session of this news was +0.93%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NASHVILLE, Tenn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Truxton Corporation (OTCPK: TRUX), a financial holding company and the parent of Truxton Trust Company, announced that its Board of Directors has approved a quarterly cash dividend of
The Board of Directors has also authorized a stock repurchase program under which the Corporation may acquire up to
The share repurchase program may be extended, modified, amended, suspended or discontinued at any time at the Corporation’s discretion and does not commit the Corporation to repurchase shares of its common stock. The actual timing, number and value of the shares to be purchased under the program will be determined by the Corporation at its discretion and will depend on a number of factors, including the performance of the Corporation’s stock price, the Corporation’s ongoing capital planning considerations, general market and other conditions, applicable legal requirements and compliance with the terms of the Corporation’s outstanding indebtedness
About Truxton
Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals, their families, and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.
| Investor Relations | Media Relations |
| Austin Branstetter | Swan Burrus |
| 615-250-0783 | 615-250-0773 |
| austin.branstetter@truxtontrust.com | swan.burrus@truxtontrust.com |
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