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

Rhea-AI Summary

MIND Technology, Inc. has declared a cash dividend of $0.5625 per share on its 9.00% Series A Cumulative Preferred Stock for Q4 of the fiscal year ending January 31, 2022. This dividend applies to the period from November 1, 2021 to January 31, 2022, and is payable on January 31, 2022, to shareholders on record as of January 15, 2022. The Series A Preferred Stock trades under the ticker symbol MINDP.

Positive

• Declaration of a cash dividend of $0.5625 per share enhances shareholder income.
• Quarterly dividend reflects the company's commitment to return capital to investors.

Negative

• None.

THE WOODLANDS, Texas, Jan. 4, 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 fourth 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 November 1, 2021 and ends on January 31, 2022. The dividend on the Series A Preferred Stock is payable on January 31, 2022 to holders of record at the close of business on January 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

 

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SOURCE MIND Technology, Inc.

FAQ

What is the dividend amount declared by MIND Technology for Q4 2021?

MIND Technology declared a dividend of $0.5625 per share for Q4 2021.

When will MIND Technology pay its declared dividend?

The dividend will be paid on January 31, 2022.

What is the record date for MIND Technology's dividend payment?

The record date for the dividend payment is January 15, 2022.

What is the ticker symbol for MIND Technology's preferred stock?

The ticker symbol for MIND Technology's 9.00% Series A Cumulative Preferred Stock is MINDP.

What time period does the declared dividend cover?

The declared dividend covers the period from November 1, 2021, to January 31, 2022.