MIND Technology Declares Cash Dividend on its 9.00% Series A Cumulative Preferred Stock

Rhea-AI Summary

MIND Technology, Inc. announced a quarterly cash dividend of $0.5625 per share on its 9.00% Series A Cumulative Preferred Stock for Q1 of fiscal year ending January 31, 2023. This dividend covers the period from February 1, 2022 to April 30, 2022. The payment is scheduled for April 30, 2022, to shareholders on record as of April 15, 2022. The Series A Preferred Stock is traded under the ticker symbol MINDP on Nasdaq.

Positive

• Announced a cash dividend of $0.5625 per share, indicating strong shareholder income.
• Demonstrates the company's commitment to returning value to shareholders.

Negative

• None.

THE WOODLANDS, Texas, April 5, 2022 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has declared a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") for the first quarter of its fiscal year ending January 31, 2023.

In accordance with the terms of the 9.00% Series A Preferred Stock of the Company, the Board of Directors has declared a Series A Preferred Stock cash dividend of $0.5625 per share for the quarterly period that began on February 1, 2022 and ends on April 30, 2022. The dividend on the Series A Preferred Stock is payable on April 30, 2022 to holders of record at the close of business on April 15, 2022.  The Series A Preferred Stock is currently listed on the Nasdaq and trades under the ticker symbol "MINDP".

About MIND Technology

MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries.  Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom.  Its Seamap and Klein units, design, manufacture and sell specialized, high performance, marine sonar and seismic equipment. 

 

Contacts:	Rob Capps, President & CEO
	MIND Technology, Inc.
	281-353-4475
	Ken Dennard / Zach Vaughan
	Dennard Lascar Investor Relations
	713-529-6600
	MIND@dennardlascar.com

 

View original content:https://www.prnewswire.com/news-releases/mind-technology-declares-cash-dividend-on-its-9-00-series-a-cumulative-preferred-stock-301517516.html

SOURCE MIND Technology, Inc.

FAQ

What is the dividend amount declared by MIND Technology for its Series A Preferred Stock?

MIND Technology declared a cash dividend of $0.5625 per share for its Series A Preferred Stock.

When is the dividend payment date for MIND's Series A Preferred Stock?

The dividend payment date is set for April 30, 2022.

What is the record date for the dividend on MIND's Series A Preferred Stock?

The record date for the dividend is April 15, 2022.

What is the fiscal year-end date for MIND Technology?

MIND Technology's fiscal year ends on January 31, 2023.

Under which ticker symbol is MIND's Series A Preferred Stock traded?

MIND's Series A Preferred Stock trades under the ticker symbol MINDP.