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 Q3 of the fiscal year ending January 31, 2021. This dividend is payable on October 31, 2020 to shareholders on record as of October 15, 2020. MIND Technology focuses on technology solutions for various industries, including oceanographic and defense, with a global presence.

Positive

• Quarterly cash dividend of $0.5625 per share announced for Series A Preferred Stock.
• Dividend reflects the company's ongoing commitment to return value to shareholders.

Negative

• None.

THE WOODLANDS, Texas, Oct. 5, 2020 /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 third 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 August 1, 2020 and ends on October 31, 2020. The dividend on the Series A Preferred Stock is payable on October 31, 2020 to holders of record at the close of business on October 15, 2020.  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 for Q3 2020?

MIND Technology has declared a dividend of $0.5625 per share for Q3 2020.

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

The dividend is payable on October 31, 2020.

What is the record date for the MIND dividend?

The record date for the dividend is October 15, 2020.

What is the dividend yield of MIND's preferred stock?

The Series A Preferred Stock offers a dividend yield of 9.00%.