STOCK TITAN

Cowen Declares Quarterly Dividend on Its Series A Cumulative Perpetual Convertible Preferred Stock

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

Cowen Inc. (NASDAQ:COWN) declared a quarterly cash dividend of $14.06 per share on its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. The dividend is payable on February 15, 2023, to shareholders on record by the close of business on February 1, 2023.

Founded in 1918, Cowen is a diversified financial services firm based in New York, offering various investment banking and financial services aimed at helping clients achieve superior performance.

Positive
  • Dividend of $14.06 per share demonstrates financial health and commitment to shareholders.
  • Scheduled payment date of February 15, 2023, shows regular income provision for investors.
Negative
  • None.

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Company’s 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”).   

The quarterly dividend on the Convertible Preferred Stock is payable on February 15, 2023, to holders of record at the close of business on February 1, 2023.

About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com.

Investor Relations Contact:
Steve Lasota, Chief Financial Officer
(212) 845-7919
Stephen.Lasota@cowen.com

Source: Cowen Inc.


FAQ

What is the dividend amount announced by Cowen Inc.?

Cowen Inc. announced a quarterly cash dividend of $14.06 per share.

When will Cowen Inc.'s dividend be paid?

The dividend will be paid on February 15, 2023.

What is the record date for Cowen Inc.'s dividend?

The record date for the dividend is February 1, 2023.

What type of stock does the dividend pertain to?

The dividend pertains to Cowen's 5.625% Series A Cumulative Perpetual Convertible Preferred Stock.

COWN

NASDAQ:COWN

COWN Rankings

COWN Latest News

COWN Stock Data

26.51M
Investment Banking and Securities Dealing
Finance and Insurance
Link
US
New York