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

Rhea-AI Summary

Hyperscale Data (NYSE American: GPUS) has announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividend's record date is September 30, 2024, with a payment date of October 10, 2024. This announcement demonstrates the company's commitment to providing regular income to its preferred stockholders. Investors interested in more information about Hyperscale Data and its subsidiaries are encouraged to review the company's public filings and press releases available on their website or through the SEC.

Positive

• Regular monthly dividend payment indicates stable cash flow
• High dividend yield of 13.00% on Series D Preferred Stock
• Commitment to shareholder returns through consistent dividend payments

Negative

• None.

LAS VEGAS--(BUSINESS WIRE)-- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale,” 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 September 30, 2024, and the payment date is Thursday, October 10, 2024.

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

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

About Hyperscale Data, Inc.

Hyperscale Data, 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, Hyperscale Data owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides mission-critical products that support a diverse range of industries, including a social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma, hotel operations and textiles. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; Hyperscale Data, Inc.

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 hyperscaledata.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240919214433/en/

Hyperscale Data Investor Contact:

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

Source: Hyperscale Data, Inc.

FAQ

What is the dividend amount for Hyperscale Data's (GPUS) Series D Preferred Stock?

Hyperscale Data (GPUS) has declared a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.

When is the record date for Hyperscale Data's (GPUS) October 2024 dividend?

The record date for Hyperscale Data's (GPUS) October 2024 dividend is September 30, 2024.

What is the payment date for Hyperscale Data's (GPUS) October 2024 dividend?

The payment date for Hyperscale Data's (GPUS) October 2024 dividend is Thursday, October 10, 2024.

What is the annual dividend yield for Hyperscale Data's (GPUS) Series D Preferred Stock?

The annual dividend yield for Hyperscale Data's (GPUS) Series D Preferred Stock is 13.00%, based on the stated series name.