Willamette Valley Vineyards Announces Annual Cash Dividend for Series A Redeemable Preferred Stock (NASDAQ: WVVIP)

Rhea-AI Summary

Willamette Valley Vineyards (NASDAQ: WVVI) declared a cash dividend of $.22 per share on its Series A Redeemable Preferred stock (NASDAQ: WVVIP). This dividend will be payable on December 31, 2021, to shareholders of record by the close of business on December 7, 2021. Shares issued after January 1, 2020 will receive a prorated dividend based on their issue date. The company is known for producing high-quality Pinot Noir in Oregon.

Positive

• Cash dividend of $.22 per share signifies company profitability and confidence in future performance.

Negative

• Potential risks from adverse weather conditions and competition may affect future financial performance.

SALEM, Ore., Nov. 5, 2021 /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, 2021, to shareholders of record at the close of business on December 7, 2021. 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. 

Contact: Jim Bernau (800) 344-9463

NASDAQ: WVVI, WVVIP

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SOURCE Willamette Valley Vineyards

FAQ

What is the amount of the dividend declared by Willamette Valley Vineyards?

The declared cash dividend is $.22 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on December 31, 2021.

What is the record date for the dividend payment?

The record date for the dividend is December 7, 2021.

Are there any risks associated with Willamette Valley Vineyards?

Yes, risks include competition and adverse weather conditions that could impact operations.

What is the ticker symbol for Willamette Valley Vineyards?

The ticker symbols are NASDAQ: WVVI and NASDAQ: WVVIP.