AMMO, Inc. Announces Preferred Stock Dividend

Rhea-AI Summary

AMMO, Inc. (Nasdaq: POWW, POWWP) has announced a cash dividend of $0.559 per share for its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, payable on June 15, 2022. The dividend will be distributed to shareholders of record as of the close of business on May 31, 2022. AMMO, known for its innovative ammunition products and ownership of GunBroker.com, aims to revolutionize the firearms industry.

Positive

• Dividend payment of $0.559 per share reflects company confidence.
• Stable cash flow indicated by regular dividend schedule.

Negative

• Potential sustainability concerns due to the nature of the firearms industry.
• -

SCOTTSDALE, Ariz., May 19, 2022 (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, 2022 will receive a cash dividend equal to $0.559027777777778 per Series A Preferred Stock share. The cash dividend will be paid on June 15, 2022.

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 Reports filed on Form 8-K.

Investor Contact:
Reed Anderson
ICR
(646) 277-1260
IR@ammo-inc.com

FAQ

What is the dividend amount for AMMO, Inc. in 2022?

The dividend amount for AMMO, Inc. is $0.559 per share.

When is the dividend payment date for AMMO, Inc.?

The dividend payment date is June 15, 2022.

Who receives the dividend from AMMO, Inc.?

Shareholders of record as of May 31, 2022, will receive the dividend.

What is the significance of the 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock?

This preferred stock offers a fixed dividend yield, providing income for shareholders.

Is the dividend from AMMO, Inc. sustainable?

There are potential sustainability concerns related to the firearms industry that could affect dividend stability.