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

Rhea-AI Summary

MIND Technology, Inc. has announced a quarterly cash dividend of $0.5625 per share on its 9.00% Series A Cumulative Preferred Stock for Q4 of its fiscal year ending January 31, 2021. This dividend, payable on January 31, 2021, is for the period from November 1, 2020 to January 31, 2021, and is accessible to shareholders on record by January 15, 2021. MIND Technology operates in exploration and defense applications, providing sonar and seismic equipment globally.

Positive

• Declared quarterly cash dividend of $0.5625 per share on Series A Preferred Stock.
• Dividend payable to shareholders enhances investor returns.

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• None.

THE WOODLANDS, Texas, Jan. 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 fourth quarter of its fiscal year ending January 31, 2021.

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, 2020 and ends on January 31, 2021. The dividend on the Series A Preferred Stock is payable on January 31, 2021 to holders of record at the close of business on January 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 and solutions for exploration, survey and defense applications in oceanographic, hydrographic, defense, seismic and security industries.  Headquartered in The Woodlands, Texas, MIND Technology has a global presence with key operating locations in the United States, Singapore, Malaysia and the United Kingdom.  Its Klein and Seamap units design, manufacture and sell specialized, high performance 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?

MIND Technology declared a dividend of $0.5625 per share on its 9.00% Series A Cumulative Preferred Stock.

When is the dividend payable for MIND Technology's Series A Preferred Stock?

The dividend is payable on January 31, 2021.

What is the record date for the dividend payment by MIND Technology?

The record date for the dividend payment is January 15, 2021.

What is the significance of the Series A Preferred Stock dividend for MIND Technology?

The dividend signifies MIND Technology's commitment to returning value to shareholders.

What is the trading symbol for MIND Technology's Series A Preferred Stock?

The trading symbol for the Series A Preferred Stock is MINDP.