Star Equity Holdings, Inc. Declares Cash Dividend of $0.25 Per Share of 10% Series A Cumulative Perpetual Preferred Stock
Star Equity Holdings (Nasdaq: STRR) has declared a cash dividend of $0.25 per share for holders of its 10% Series A Cumulative Perpetual Preferred Stock. The record date is set for September 1, 2024, with the payment date on September 10, 2024. Star Equity is a diversified holding company with two main divisions: Building Solutions and Investments. The Building Solutions division operates in modular building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber production. The Investments division manages the company's real estate assets and investment positions in private and public companies.
Star Equity Holdings (Nasdaq: STRR) ha dichiarato un dividendo in contante di $0,25 per azione per i possessori delle sue azioni privilegiate cumulative perpetue di serie A al 10%. La data di registrazione è fissata per il 1 settembre 2024, con la data di pagamento prevista per il 10 settembre 2024. Star Equity è una società di holding diversificata con due divisioni principali: Soluzioni Edilizie e Investimenti. La divisione Soluzioni Edilizie opera nella produzione di edifici modulari, nella produzione di pannelli murali strutturali e fondazioni in legno, e nella produzione di legno incollato. La divisione Investimenti gestisce gli asset immobiliari e le posizioni di investimento della società in aziende private e pubbliche.
Star Equity Holdings (Nasdaq: STRR) ha declarado un dividendo en efectivo de $0.25 por acción para los titulares de su serie A de acciones preferentes acumulativas perpetuas al 10%. La fecha de registro está establecida para el 1 de septiembre de 2024, con la fecha de pago el 10 de septiembre de 2024. Star Equity es una empresa de holdings diversificada con dos divisiones principales: Soluciones de Construcción e Inversiones. La división de Soluciones de Construcción opera en la fabricación de edificios modulares, en la producción de paneles de pared estructurales y fundaciones de madera, y en la producción de madera laminada con pegamento. La división de Inversiones gestiona los activos inmobiliarios de la empresa y las posiciones de inversión en empresas privadas y públicas.
Star Equity Holdings (Nasdaq: STRR)는 10% 시리즈 A 누적 영구 우선주 보유자에게 주당 $0.25의 현금 배당금을 선언했습니다. 기록일은 2024년 9월 1일로 설정되며, 지급일은 2024년 9월 10일입니다. Star Equity는 두 개의 주요 부문인 건축 솔루션과 투자로 구성된 다각화된 지주회사입니다. 건축 솔루션 부문은 모듈식 건물 제조, 구조 패널 및 목재 기초 제조, 그리고 접착제 라미네이션 나무 생산에 종사합니다. 투자 부문은 회사의 부동산 자산 및 민간 및 상장 기업에 대한 투자 포지션을 관리합니다.
Star Equity Holdings (Nasdaq: STRR) a déclaré un dividende en espèces de $0,25 par action pour les détenteurs de ses actions privilégiées cumulatives perpétuelles de série A à 10 %. La date d'enregistrement est fixée au 1er septembre 2024, avec la date de paiement prévue le 10 septembre 2024. Star Equity est une société holding diversifiée avec deux divisions principales : Solutions de Construction et Investissements. La division Solutions de Construction opère dans la fabrication de bâtiments modulaires, la fabrication de panneaux muraux structuraux et de fondations en bois, ainsi que dans la production de bois lamellé-collé. La division Investissements gère les actifs immobiliers de l'entreprise et les positions d'investissement dans des entreprises privées et publiques.
Star Equity Holdings (Nasdaq: STRR) hat eine Bardividende von $0,25 pro Aktie für die Inhaber seiner 10%igen Serie A kumulierten ewigen Vorzugsaktien erklärt. Das Referenzdatum ist für den 1. September 2024 festgelegt, mit dem Zahlungsdatum am 10. September 2024. Star Equity ist ein diversifiziertes Holdingunternehmen mit zwei Hauptbereichen: Bau-Lösungen und Investitionen. Die Bau-Lösungsabteilung ist in der Herstellung von Modulgebäuden, der Herstellung von strukturellen Wandpaneelen und Holzfundamenten sowie in der Produktion von verleimtem Holz tätig. Die Investitionsabteilung verwaltet die Immobilienwerte und die Investitionspositionen des Unternehmens in privaten und öffentlichen Unternehmen.
- Declared cash dividend of $0.25 per share for preferred stockholders
- Diversified business model with Building Solutions and Investments divisions
- None.
OLD GREENWICH, Conn., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, announced today that its Board of Directors (the “Board”) declared a cash dividend to holders of the Company’s
About Star Equity Holdings, Inc.
Star Equity Holdings, Inc. is a diversified holding company currently with two divisions: Building Solutions and Investments.
Building Solutions
Our Building Solutions division operates in three businesses: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber ("glulam") column, beam, and truss manufacturing.
Investments
Our Investments division manages and finances the Company’s real estate assets as well as its investment positions in private and public companies.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release that are not statements of historical fact are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon management’s current beliefs, views, estimates and expectations, including as pertains to (i) the plans and objectives of management for future operations, including plans or objectives relating to acquisitions and related integration, (ii) projections of income, EBITDA, earnings per share, capital expenditures, cost reductions, capital structure or other financial items, (iii) the future financial performance of the Company or acquisition targets and (iv) the assumptions underlying or relating to any statement described above. Forward-looking statements generally are identified by the words “believe”, “expect”, “anticipate”, “estimate”, “project”, “intend”, “plan”, “should”, “may”, “will”, “would”, “will be”, “will continue” or similar expressions. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described above as a result of these risks and uncertainties. Factors that may influence or contribute to the inaccuracy of forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, the cyclical nature of our operating businesses, the Company’s debt and its ability to repay, refinance, or incur additional debt in the future; the Company’s need for a significant amount of cash to service, repay the debt, and to pay dividends on the Company’s preferred stock; the restrictions contained in the debt agreements that limit the discretion of management in operating the business; legal, regulatory, political and economic risks in markets and public health crises that reduce economic activity and cause restrictions on operations; the length of time associated with servicing customers; losses of significant contracts or failure to get potential contracts being discussed; disruptions in the relationship with third party vendors; accounts receivable turnover; insufficient cash flows and resulting lack of liquidity; the Company's inability to expand its business operations; the liability and compliance costs regarding environmental regulations; the lack of product diversification; existing or increased competition; risks to the price and volatility of the Company’s common stock and preferred stock; stock volatility and in liquidity; risks to preferred stockholders of not receiving dividends and risks to the Company’s ability to pursue growth opportunities if the Company continues to pay dividends according to the terms of the Company’s preferred stock; the Company’s ability to execute on its business strategy (including any cost reduction plans); the Company’s failure to realize expected benefits of restructuring and cost-cutting actions; the Company’s ability to preserve and monetize its net operating losses; risks associated with the Company’s possible pursuit of acquisitions; the Company’s ability to consummate successful acquisitions and execute related integration; general economic and financial market conditions; failure to keep pace with evolving technologies and difficulties integrating technologies; system failures; losses of key management personnel and the inability to attract and retain highly qualified management and personnel in the future; and the continued demand for and market acceptance of the Company’s services. For a detailed discussion of cautionary statements and risks that may affect the Company’s future results of operations and financial results, please refer to the Company’s filings with the Securities and Exchange Commission, including, but not limited to, the risk factors in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. This press release reflects management’s views as of the date presented.
All forward-looking statements are necessarily only estimates of future results, and there can be no assurance that actual results will not differ materially from expectations. Therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.
| For more information contact: Star Equity Holdings, Inc. Richard K. Coleman Jr. Chief Executive Officer 203-489-9501 admin@starequity.com | The Equity Group Lena Cati Senior Vice President 212-836-9611 lcati@equityny.com | |
FAQ
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