Cemtrex (CETXP) to pay Series 1 preferred stock dividend in additional shares
Rhea-AI Filing Summary
Cemtrex Inc. reported that its board of directors approved payment of the upcoming dividend on its Series 1 Preferred Stock in additional shares of the same Series 1 Preferred Stock rather than in cash. The new shares are expected to be issued on October 7, 2025 to holders of record as of the close of business on September 30, 2025.
Holders of the Series 1 Preferred Stock are entitled to receive dividends at a 10% annual rate, based on a $10.00 per share preference amount, with dividends payable on a semiannual schedule.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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CURRENT REPORT ON FORM 8-K
Cemtrex, Inc.
Item 3.02 Unregistered Sales of Equity Securities
On September 19, 2025, Cemtrex, Inc. The Board of Directors of Cemtrex, Inc. passed a resolution that the company will pay its dividend on Series 1 Preferred Stock in additional shares of Series 1 Preferred Stock. to be issued on October 7, 2025, to the holders of record on close of business on September 30, 2025. The holders of the Series 1 Preferred Stock are entitled to receive dividends at the rate of 10% annually, based on the $10.00 per share Preference Amount, payable semiannually.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CEMTREX, INC. | ||
| Date: September 19, 2025 | By: | /s/ Saagar Govil |
| Saagar Govil | ||
| Chairman, President and Chief Executive Officer | ||
FAQ
What did Cemtrex Inc. (CETXP) disclose in this 8-K filing?
Cemtrex Inc. disclosed that its board approved paying the upcoming dividend on its Series 1 Preferred Stock in additional shares of Series 1 Preferred Stock, to be issued on October 7, 2025, to holders of record on September 30, 2025.
How will Cemtrex (CETXP) pay the Series 1 Preferred Stock dividend?
The dividend on Cemtrex’s Series 1 Preferred Stock will be paid in kind, meaning holders will receive additional shares of Series 1 Preferred Stock instead of cash.
What is the dividend rate on Cemtrex Series 1 Preferred Stock?
Holders of Cemtrex’s Series 1 Preferred Stock are entitled to dividends at a 10% annual rate, calculated on a $10.00 per share preference amount, payable semiannually.
What are the key record and payment dates for Cemtrex’s preferred dividend?
The record date for the Series 1 Preferred Stock dividend is the close of business on September 30, 2025, and the dividend will be paid in additional preferred shares on October 7, 2025.
Which Cemtrex security is affected by this dividend decision?
The decision applies to Cemtrex’s Series 1 Preferred Stock, whose holders will receive their dividend in additional shares of that same preferred series.
