Super Micro Computer (NASDAQ: SMCI) declares cash dividend on SMCIP
Rhea-AI Filing Summary
Super Micro Computer, Inc. announced that its Board of Directors has declared an initial cash dividend on its 7.00% Series A Mandatory Convertible Preferred Stock of $14.7778 per share, equivalent to $0.73889 per depositary share.
Each depositary share represents a 1/20th fractional interest in a share of this preferred stock and trades on the Nasdaq Global Select Market under the symbol SMCIP. The dividend is payable on September 1, 2026 to holders of record as of the close of business on August 15, 2026.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Dividend per preferred share: $14.7778 per share
Dividend per depositary share: $0.73889 per depositary share
Dividend rate: 7.00%
+3 more
6 metrics
Dividend per preferred share
$14.7778 per share
Initial cash dividend on 7.00% Series A Mandatory Convertible Preferred Stock
Dividend per depositary share
$0.73889 per depositary share
Equivalent dividend amount for each SMCIP depositary share
Dividend rate
7.00%
Coupon rate of Series A Mandatory Convertible Preferred Stock
Record date
August 15, 2026
Holders of record on this date are entitled to the dividend
Payment date
September 1, 2026
Scheduled payment date for the declared cash dividend
Depositary share ratio
1/20th
Each depositary share represents a 1/20th fractional interest in a preferred share
Key Terms
Mandatory Convertible Preferred Stock, depositary share, record date
3 terms
Mandatory Convertible Preferred Stock financial
"7.00% Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”)"
A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.
record date financial
"holders of record of the depositary shares as of the close of business on August 15, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What dividend did Super Micro Computer (SMCI) declare on its preferred stock?
Super Micro Computer declared an initial cash dividend of $14.7778 per share on its 7.00% Series A Mandatory Convertible Preferred Stock, equivalent to $0.73889 per SMCIP depositary share. This applies to outstanding shares of this specific preferred series only.
What is the record date for the SMCI SMCIP preferred dividend?
The record date for the SMCIP preferred dividend is August 15, 2026, as of the close of business. Only holders of depositary shares on that date will be entitled to receive the declared cash dividend when it is paid.
When will Super Micro Computer (SMCI) pay the SMCIP dividend?
Super Micro Computer will pay the SMCIP dividend on September 1, 2026. Holders of record of the depositary shares at the close of business on August 15, 2026 will receive the cash dividend on this stated payment date.