AMMO, Inc. Announces Preferred Stock Dividend

Rhea-AI Summary

AMMO (Nasdaq: POWW, POWWP), based in Scottsdale, Arizona, and the owner of GunBroker.com, has announced a cash dividend for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock. Shareholders on record as of May 31, 2024, will receive a dividend of $0.55902778 per share. The payment is scheduled for June 17, 2024.

Positive

• Announced a cash dividend of $0.55902778 per Series A Preferred Stock share.
• Dividend to be paid on June 17, 2024.
• Holders of record as of May 31, 2024, will receive dividends.

Negative

• No mention of common stock dividends.
• Dividend announcement to preferred stockholders only.

SCOTTSDALE, Ariz., May 17, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on May 31, 2024 will receive a cash dividend equal to $0.55902778 per Series A Preferred Stock share. The cash dividend will be paid on June 17, 2024.

About AMMO, Inc.

With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes its own branded munitions, including its patented STREAK^™ Visual Ammunition, /stelTH/^™ subsonic munitions, and armor piercing rounds for military use. For more information, please visit: www.ammo-inc.com.

About GunBroker.com

GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.com.

Forward Looking Statements

This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports filed on Form 8-K.

Investor Contact:
CoreIR
Phone: (212) 655-0924
IR@ammo-inc.com

Source: AMMO, Inc.

FAQ

What is the dividend announced by AMMO for Series A Preferred Stock holders?

AMMO announced a cash dividend of $0.55902778 per share for holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock.

When is the record date for AMMO's preferred stock dividend?

The record date for AMMO's preferred stock dividend is May 31, 2024.

When will AMMO pay the dividend to its Series A Preferred Stock holders?

AMMO will pay the dividend on June 17, 2024.

What is the dividend yield on AMMO's Series A Preferred Stock?

The Series A Preferred Stock offers an 8.75% cumulative dividend yield.