Cemtrex to pay Series 1 preferred dividend in stock
Cemtrex, Inc. announced that its Board of Directors has approved paying the upcoming dividend on its Series 1 Preferred Stock in additional shares of Series 1 Preferred Stock rather than in cash.
Rhea-AI Filing Summary
Cemtrex, Inc. announced that its Board of Directors has approved paying the upcoming dividend on its Series 1 Preferred Stock in additional shares of Series 1 Preferred Stock rather than in cash. The dividend will be issued on April 7, 2026 to holders of record at the close of business on March 31, 2026.
Holders of the Series 1 Preferred Stock are entitled to receive dividends at a rate of 10% annually, based on the $10.00 per share preference amount, with payments made on a semiannual schedule. Using stock to satisfy this dividend preserves cash while still honoring the stated preferred dividend terms.
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8-K Event Classification
FAQ
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