SD Soybean Processors Declares $1.30/Unit Cash Distribution
Ticker: SDSYA · Form: 8-K · Filed: Feb 2, 2024 · CIK: 1163609
| Field | Detail |
|---|---|
| Company | South Dakota Soybean Processors LLC (SDSYA) |
| Form Type | 8-K |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1.30, $39.5 million |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: cash-distribution, shareholder-return, corporate-action
TL;DR
**SD Soybean Processors just declared a $1.30 per unit cash distribution, totaling $39.5M, payable Feb 1st!**
AI Summary
South Dakota Soybean Processors, LLC's Board of Managers approved a cash distribution of $1.30 per outstanding capital unit on January 30, 2024, totaling approximately $39.5 million. This distribution is expected to be paid to members on February 1, 2024. This matters to investors because it represents a direct return of capital, indicating the company's financial health and commitment to shareholder value, which can make the stock more attractive.
Why It Matters
This cash distribution directly puts money into the pockets of investors, signaling strong financial performance and a shareholder-friendly management approach.
Risk Assessment
Risk Level: low — A cash distribution is generally a positive event for investors, indicating financial stability and a return of capital.
Analyst Insight
A smart investor would view this distribution as a positive sign of financial health and consider holding or increasing their position, especially if seeking income-generating investments.
Key Numbers
- $1.30 — Cash distribution per capital unit (Direct return to investors for each unit held)
- $39.5 million — Total cash distribution (Overall amount of capital being returned to all members)
Key Players & Entities
- South Dakota Soybean Processors, LLC (company) — the registrant declaring the distribution
- $1.30 (dollar_amount) — cash distribution per outstanding capital unit
- $39.5 million (dollar_amount) — total approximate cash distribution
- January 30, 2024 (date) — date the Board of Managers approved the distribution
- February 1, 2024 (date) — expected payment date of the distribution
Forward-Looking Statements
- The company will continue to prioritize shareholder returns through future distributions. (South Dakota Soybean Processors, LLC) — medium confidence, target: 2025-01-30
FAQ
What was the specific amount of the cash distribution per outstanding capital unit approved by South Dakota Soybean Processors, LLC?
The Board of Managers of South Dakota Soybean Processors, LLC approved a cash distribution of $1.30 per outstanding capital unit.
What was the total approximate value of the cash distribution declared by South Dakota Soybean Processors, LLC?
The total approximate value of the cash distribution declared was $39.5 million.
When did the Board of Managers of South Dakota Soybean Processors, LLC approve and declare this cash distribution?
The Board of Managers approved and declared the cash distribution on January 30, 2024.
When is the cash distribution expected to be paid and issued to members?
The distribution is expected to be paid and issued to members on February 1, 2024.
Under which item of the Form 8-K was this event reported?
This event was reported under Item 8.01, titled 'Other Events'.
Filing Stats: 328 words · 1 min read · ~1 pages · Grade level 11 · Accepted 2024-02-02 08:40:17
Key Financial Figures
- $1.30 — ved and declared a cash distribution of $1.30 per outstanding capital unit, or approx
- $39.5 million — standing capital unit, or approximately $39.5 million. The distribution is expected to be pai
Filing Documents
- sdsp-20240130.htm (8-K) — 20KB
- sdsp-20240130_g1.gif (GRAPHIC) — 9KB
- 0001163609-24-000002.txt ( ) — 158KB
- sdsp-20240130.xsd (EX-101.SCH) — 2KB
- sdsp-20240130_lab.xml (EX-101.LAB) — 22KB
- sdsp-20240130_pre.xml (EX-101.PRE) — 11KB
- sdsp-20240130_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On January 30, 2024, the Board of Managers of South Dakota Soybean Processors, LLC approved and declared a cash distribution of $1.30 per outstanding capital unit, or approximately $39.5 million. The distribution is expected to be paid and issued to members on February 1, 2024. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SOUTH DAKOTA SOYBEAN PROCESSORS, LLC Dated: February 2, 2024 /s/ Mark Hyde Mark Hyde, Chief Financial Officer