ReposiTrak, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

ReposiTrak (NYSE: TRAK) has declared a quarterly dividend of $0.01815 per share ($0.0726 annually) for shareholders of record on December 31, 2024, with payment scheduled for February 13, 2025. This represents a 10% increase from the previous dividend rate, as approved by the Board of Directors on September 30, 2024. Future dividends will be distributed within 45 days of each fiscal quarter end.

Positive

• 10% increase in quarterly dividend
• Consistent dividend payment schedule established
• Board approval demonstrates confidence in company's financial stability

Negative

• Relatively small dividend amount per share

SALT LAKE CITY--(BUSINESS WIRE)-- ReposiTrak, Inc. (NYSE: TRAK), the world's largest food traceability and regulatory compliance network, built upon its proven inventory management and out-of-stock reduction SaaS platform, today declared a quarterly dividend of $0.01815 per quarter ($0.0726 per share annually) to shareholders of record on December 31, 2024. The cash dividends will be paid to shareholders of record on or about February 13, 2025.

As previously announced, on September 30, 2024, ReposiTrak’s Board of Directors approved a 10% increase of ReposiTrak’ s quarterly dividend, to $0.01815 per quarter ($0.0726 per share annually) beginning with the dividend payable to shareholders of record on December 31, 2024. Subsequent dividends will be paid within 45 days of each fiscal quarter end.

About ReposiTrak:

ReposiTrak (NYSE: TRAK) provides retailers, suppliers, food manufacturers and wholesalers with a robust solution suite to help reduce risk and remain in compliance with regulatory requirements, enhance operational controls and increase sales with unrivaled brand protection. Consisting of three product families – food traceability, compliance and risk management and supply chain solutions – ReposiTrak’ s integrated, cloud-based applications are supported by an unparalleled team of experts. For more information, please visit https://repositrak.com

Specific disclosure relating to ReposiTrak, including management's analysis of results from operations and financial condition, are contained in the Company's annual report on Form 10-K for the fiscal year ended June 30, 2024 and other reports filed with the Securities and Exchange Commission. Investors are encouraged to read and consider such disclosure and analysis contained in the Company's Form 10-K and other reports, including the risk factors contained in the Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216105918/en/

Investor Relations:

John Merrill, CFO

investor-relations@repositrak.com

or

FNK IR

Rob Fink

646-809-4048

rob@fnkir.com

Source: ReposiTrak, Inc.

FAQ

What is ReposiTrak's (TRAK) new quarterly dividend amount for 2024-2025?

ReposiTrak's new quarterly dividend is $0.01815 per share ($0.0726 annually), representing a 10% increase from the previous rate.

When will ReposiTrak (TRAK) pay its next dividend?

ReposiTrak will pay its next dividend on February 13, 2025, to shareholders of record as of December 31, 2024.

When did ReposiTrak (TRAK) announce its 10% dividend increase?

ReposiTrak's Board of Directors approved the 10% dividend increase on September 30, 2024.

What is ReposiTrak's (TRAK) dividend payment schedule?

ReposiTrak pays dividends quarterly, with payments distributed within 45 days of each fiscal quarter end.