Truxton Corporation Announces Increased Quarterly Cash Dividend for 2025, Special Cash Dividend, and a $5 Million Repurchase Authorization
Truxton (OTCPK: TRUX) has announced three significant shareholder-focused initiatives. First, the Board approved a quarterly cash dividend of $0.50 per common share, payable March 25, 2025, marking a 16% increase from the 2024 quarterly dividend of $0.43. This represents the company's thirteenth consecutive year of increased regular dividends.
Additionally, shareholders will receive a special cash dividend of $1.00 per common share, also payable March 25, 2025. Both regular and special dividends will be paid to shareholders of record as of March 11, 2025.
The Board has also authorized a $5 million stock repurchase program to begin after Q4 earnings release and extend for one year. The repurchase program allows for shares to be purchased in open-market or private transactions at management's discretion.
Truxton (OTCPK: TRUX) ha annunciato tre iniziative significative a favore degli azionisti. In primo luogo, il Consiglio ha approvato un dividendo in contante trimestrale di $0,50 per azione ordinaria, che sarà pagato il 25 marzo 2025, segnando un incremento del 16% rispetto al dividendo trimestrale del 2024 di $0,43. Questo rappresenta il tredicesimo anno consecutivo di aumenti nei dividendi regolari della società.
Inoltre, gli azionisti riceveranno un dividendo speciale in contante di $1,00 per azione ordinaria, anch'esso pagabile il 25 marzo 2025. Sia i dividendi regolari che quelli speciali saranno erogati agli azionisti registrati al 11 marzo 2025.
Il Consiglio ha inoltre autorizzato un programma di riacquisto di azioni da $5 milioni, che inizierà dopo la pubblicazione dei risultati del quarto trimestre e avrà una durata di un anno. Il programma di riacquisto consente l'acquisto di azioni in transazioni sul mercato aperto o private a discrezione della direzione.
Truxton (OTCPK: TRUX) ha anunciado tres iniciativas significativas enfocadas en los accionistas. Primero, la Junta aprobó un dividendo trimestral en efectivo de $0.50 por acción ordinaria, que se pagará el 25 de marzo de 2025, marcando un aumento del 16% respecto al dividendo trimestral de 2024 de $0.43. Esto representa el decimotercer año consecutivo de aumento en los dividendos regulares de la empresa.
Además, los accionistas recibirán un dividendo especial en efectivo de $1.00 por acción ordinaria, que también se pagará el 25 de marzo de 2025. Tanto los dividendos regulares como los especiales se pagarán a los accionistas registrados hasta el 11 de marzo de 2025.
La Junta también ha autorizado un programa de recompra de acciones de $5 millones que comenzará después de la publicación de los resultados del cuarto trimestre y se extenderá por un año. El programa de recompra permite la compra de acciones en el mercado abierto o en transacciones privadas a discreción de la dirección.
Truxton (OTCPK: TRUX)는 주주를 위한 세 가지 중요한 이니셔티브를 발표했습니다. 첫째, 이사회는 보통주당 $0.50의 분기 배당금을 승인하였으며, 이는 2025년 3월 25일에 지급될 예정으로, 2024년 분기 배당금 $0.43에서 16% 증가한 수치입니다. 이는 회사가 13년 연속으로 정기 배당금을 증가시킨 것을 의미합니다.
덧붙여, 주주들은 보통주당 $1.00의 특별 배당금을 받을 예정이며, 이 또한 2025년 3월 25일에 지급됩니다. 정기 배당금과 특별 배당금 모두 2025년 3월 11일 기준으로 등록된 주주에게 지급됩니다.
이사회는 또한 $5백만 달러의 자사주 매입 프로그램을 승인하였으며, 이는 4분기 실적 발표 후 시작되어 1년 동안 지속됩니다. 이 매입 프로그램은 경영진의 재량에 따라 공개시장 또는 비공식 거래에서 주식을 매입할 수 있습니다.
Truxton (OTCPK: TRUX) a annoncé trois initiatives significatives axées sur les actionnaires. Tout d'abord, le Conseil a approuvé un dividende trimestriel en espèces de 0,50 $ par action ordinaire, payable le 25 mars 2025, marquant une augmentation de 16 % par rapport au dividende trimestriel de 2024 de 0,43 $. Cela représente la treizième année consécutive d'augmentation des dividendes réguliers de la société.
De plus, les actionnaires recevront un dividende spécial en espèces de 1,00 $ par action ordinaire, également payable le 25 mars 2025. Les dividendes réguliers et spéciaux seront versés aux actionnaires inscrits au 11 mars 2025.
Le Conseil a également autorisé un programme de rachat d'actions de 5 millions de dollars devant commencer après la publication des résultats du quatrième trimestre et s'étendant sur une année. Le programme de rachat permet d'acheter des actions sur le marché libre ou dans des transactions privées à la discrétion de la direction.
Truxton (OTCPK: TRUX) hat drei bedeutende, auf die Aktionäre ausgerichtete Initiativen angekündigt. Zunächst genehmigte der Vorstand eine vierteljährliche Bardividende von $0,50 pro Stammaktie, die am 25. März 2025 ausgezahlt wird und eine Erhöhung um 16% gegenüber der vierteljährlichen Dividende von 2024 in Höhe von $0,43 darstellt. Dies ist das dreizehnte Jahr in Folge, in dem die regulären Dividenden des Unternehmens erhöht werden.
Darüber hinaus erhalten die Aktionäre eine spezielle Bardividende von $1,00 pro Stammaktie, die ebenfalls am 25. März 2025 ausgezahlt wird. Sowohl die regulären als auch die speziellen Dividenden werden an die Aktionäre ausgezahlt, die am 11. März 2025 registriert sind.
Der Vorstand hat außerdem ein $5 Millionen schweres Aktienrückkauffprogramm genehmigt, das nach der Veröffentlichung der Ergebnisse des vierten Quartals beginnen und ein Jahr dauern wird. Das Rückkaufprogramm erlaubt den Kauf von Aktien in offenen Marktransaktionen oder privaten Geschäften nach Ermessen des Managements.
- 16% increase in quarterly dividend from $0.43 to $0.50
- Additional special dividend of $1.00 per share
- 13 consecutive years of dividend increases
- $5 million share repurchase program authorization
- None.
NASHVILLE, Tenn., Jan. 30, 2025 (GLOBE NEWSWIRE) -- Truxton Corporation (OTCPK: TRUX), a financial holding company and the parent of Truxton Trust Company, announced that its Board of Directors has approved a quarterly cash dividend of
The Board of Directors has also authorized a stock repurchase program under which the Corporation may acquire up to
The share repurchase program may be extended, modified, amended, suspended or discontinued at any time at the Corporation’s discretion and does not commit the Corporation to repurchase shares of its common stock. The actual timing, number and value of the shares to be purchased under the program will be determined by the Corporation at its discretion and will depend on a number of factors, including the performance of the Corporation’s stock price, the Corporation’s ongoing capital planning considerations, general market and other conditions, applicable legal requirements and compliance with the terms of the Corporation’s outstanding indebtedness
About Truxton
Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals, their families, and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCPK: TRUX). For more information, visit truxtontrust.com.
| Investor Relations | Media Relations |
| Austin Branstetter | Swan Burrus |
| 615-250-0783 | 615-250-0773 |
| austin.branstetter@truxtontrust.com | swan.burrus@truxtontrust.com |
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