Willamette Valley Vineyards Announces Annual Cash Dividend for Series A Redeemable Preferred Stock (NASDAQ: WVVIP)
Willamette Valley Vineyards (NASDAQ: WVVI) has declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ: WVVIP). The dividend is payable on December 31, 2020, to shareholders of record by the close of business on December 7, 2020. Shares issued after January 1, 2020 will receive a prorated dividend based on their issue date. The company warned that forward-looking statements may be impacted by various risks including financing availability, grape quality, competition, and regulatory changes.
- Annual cash dividend of $.22 per share announced for Series A Redeemable Preferred stock.
- Dividend payment date set for December 31, 2020, enhancing shareholder income.
- Potential risks include financing for growth and availability of high-quality grapes.
- Competition and adverse weather conditions may negatively impact operations.
SALEM, Ore., Nov. 6, 2020 /PRNewswire/ -- Willamette Valley Vineyards (NASDAQ: WVVI), a leading Oregon producer of Pinot Noir, today declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ: WVVIP), payable on December 31, 2020, to shareholders of record at the close of business on December 7, 2020. Shares issues by the Company after January 1, 2020 will receive a prorated dividend based on their issue date.
Willamette Valley Vineyards, Inc. is headquartered at its Estate Vineyard near Salem, Oregon. The Company's common stock is traded on NASDAQ (WVVI). For more information, visit Willamette Valley Vineyard's website at: wvv.com
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are identified by such words and phrases as "expects," "thinks," "believes," "anticipates" and words of similar import. Such forward-looking statements are subject to risks and uncertainties and actual results could differ materially from those projected. Such risks and uncertainties include, but are not limited to: availability of financing for growth, availability of adequate supply of high quality grapes, successful performance of internal operations, impact of competition, changes in wine broker or distributor relations or performance, impact of possible adverse weather conditions, impact of smoke or wildfires, impact of reduction in grape quality or supply due to disease, impact of governmental regulatory decisions and other risks.
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SOURCE Willamette Valley Vineyards
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