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

Rhea-AI Summary

MIND Technology, Inc. has declared a quarterly cash dividend of $0.5625 per share on its 9.00% Series A Cumulative Preferred Stock for Q1 of the fiscal year ending January 31, 2022. This dividend applies to the period from February 1, 2021 to April 30, 2021, payable on April 30, 2021, to shareholders on record as of the close of business on April 15, 2021. MINDP shares are listed on the Nasdaq, signifying the company's commitment to return income to its investors.

Positive

• Quarterly cash dividend of $0.5625 enhances shareholder income.
• Commitment to provide returns to investors improves company confidence.

Negative

• None.

THE WOODLANDS, Texas, April 5, 2021 /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, 2022.

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, 2021 and ends on April 30, 2021. The dividend on the Series A Preferred Stock is payable on April 30, 2021 to holders of record at the close of business on April 15, 2021.  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.  MIND's worldwide Marine Technology Products segment, which includes its Seamap and Klein Marine Systems units, designs, manufactures and sells specialized, high performance, marine sonar and seismic equipment. 

Contacts:	Rob Capps, Co-CEO
	MIND Technology, Inc.
	936-291-2277
	Ken Dennard / Zach Vaughan
	Dennard Lascar Investor Relations
	713-529-6600
	MIND@dennardlascar.com

 

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SOURCE MIND Technology, Inc.

FAQ

What is the dividend amount declared by MIND Technology?

The declared dividend amount is $0.5625 per share.

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

The dividend is payable on April 30, 2021.

What is the record date for MIND's dividend?

The record date for the dividend is April 15, 2021.

What is the significance of MIND's 9.00% Series A Cumulative Preferred Stock?

It represents a stable income stream for investors through its fixed dividend yield.

How does MIND Technology's dividend affect its stock symbol MINDP?

The dividend declaration may positively influence investor perception and stock performance.