STOCK TITAN

Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Ault Alliance, Inc. (NYSE American: AULT) has declared a monthly cash dividend of $0.2708333 per share on its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date is set for April 30, 2023, with a payment date of May 10, 2023.

In a related note, the company disclosed that its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, included a going concern explanatory paragraph from its independent auditor. This signifies a potential risk regarding the company's financial stability but does not alter prior financial statements. Shareholders and investors are encouraged to review Ault Alliance’s financial filings for further details.

Positive
  • Declaration of a monthly cash dividend of $0.2708333 per share, providing income for shareholders.
  • The dividend announcement indicates the company's commitment to rewarding its investors.
Negative
  • Inclusion of a going concern explanatory paragraph in the audit opinion for FY 2022, raising potential financial stability concerns.

LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is April 30, 2023, and the payment date is May 10, 2023.

Link to NYSE quote for the Company’s 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock: https://www.nyse.com/quote/XASE:AULTpD

The Company also advises that its audited consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the Securities and Exchange Commission on April 17, 2023, contained a going concern explanatory paragraph in the audit opinion from its independent registered public accounting firm. This announcement does not represent any change or amendment to the Company’s financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. Release of this information is required by Section 401(h) and 610(b) of the NYSE American Company Guide.

For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or available at www.sec.gov.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including a metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com.

Ault Alliance Investor Contact:

IR@Ault.com or 1-888-753-2235

Source: Ault Alliance, Inc.

FAQ

What is the dividend amount declared by Ault Alliance in April 2023?

Ault Alliance declared a dividend of $0.2708333 per share.

When is the record date for the Ault Alliance dividend?

The record date for the dividend is April 30, 2023.

When will Ault Alliance pay its declared dividend?

The payment date for the dividend is May 10, 2023.

What concerns are raised in Ault Alliance's Annual Report for FY 2022?

The Annual Report included a going concern explanatory paragraph, indicating potential financial stability issues.

Where can I find more information about Ault Alliance's financial statements?

More information can be found in Ault Alliance's public filings available at www.sec.gov and their website www.ault.com.

Ault Alliance, Inc.

NYSE:AULT

AULT Rankings

AULT Latest News

AULT Stock Data

8.35M
38.85M
0.13%
1.81%
3.21%
Aerospace & Defense
Electronic Components, Nec
Link
United States of America
LAS VEGAS