Truxton Corporation Announces Increased Quarterly Cash Dividend for 2025, Special Cash Dividend, and a $5 Million Repurchase Authorization

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.

News Market Reaction

+0.93%

1 alert

+0.93% News Effect

On the day this news was published, TRUX gained 0.93%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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 $0.50 per common share payable March 25, 2025, to shareholders of record as of March 11, 2025, representing a 16% increase over the 2024 regular quarterly dividend of $0.43. This represents the thirteenth consecutive year of increased regular dividends at Truxton Corporation. In addition, a special cash dividend of $1.00 per common share will be paid on March 25, 2025, to shareholders of record as of March 11, 2025.

The Board of Directors has also authorized a stock repurchase program under which the Corporation may acquire up to $5 million of its common shares during a period beginning after the release of fourth quarter earnings and extending for one year. The shares may be purchased in open-market or private transactions at the discretion of management, subject to the limitations of applicable securities laws.

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

FAQ

What is Truxton 's new quarterly dividend for 2025?

Truxton (TRUX) announced a quarterly dividend of $0.50 per common share for 2025, representing a 16% increase from $0.43 in 2024.

When will TRUX pay its special dividend in 2025?

TRUX will pay a special dividend of $1.00 per common share on March 25, 2025, to shareholders of record as of March 11, 2025.

How much is TRUX's share repurchase program worth?

Truxton authorized a $5 million share repurchase program to be executed over one year following the release of fourth quarter earnings.

How long has TRUX been increasing its dividends consecutively?

Truxton has increased its regular dividends for thirteen consecutive years, as noted in the January 30, 2025 announcement.