Pyxis Tankers Declares $0.1615 Monthly Dividend on Preferred Stock

Ticker: PXS · Form: 6-K · Filed: 2024-02-01T00:00:00.000Z

Sentiment: neutral

Topics: dividend-declaration, preferred-stock, monthly-dividend

TL;DR

**Pyxis Tankers declared a $0.1615 monthly dividend for its Series A Preferred Stock for February 2024.**

AI Summary

Pyxis Tankers Inc. (NASDAQ: PXS) announced on February 1, 2024, that its board of directors declared a monthly dividend of $0.1615 per share for its 7.75% Series A Cumulative Convertible Preferred Stock. This dividend is specifically for the month of February 2024. This matters to current and potential preferred stock investors because it confirms a consistent return on their investment, signaling financial stability and adherence to their dividend policy for this specific class of shares.

Why It Matters

This filing confirms Pyxis Tankers' commitment to its preferred shareholders by declaring a regular monthly dividend, which can be a positive signal for investor confidence in the company's financial health.

Risk Assessment

Risk Level: low — This filing is a routine dividend declaration for preferred stock, indicating normal business operations and low immediate risk.

Analyst Insight

Investors holding Pyxis Tankers' 7.75% Series A Cumulative Convertible Preferred Stock can expect to receive the declared $0.1615 per share dividend for February 2024, confirming the expected return on their preferred shares.

Key Numbers

$0.1615 — Monthly Dividend Per Share (Declared for 7.75% Series A Cumulative Convertible Preferred Stock for February 2024)

Key Players & Entities

Pyxis Tankers Inc. (company) — the registrant declaring the dividend
$0.1615 (dollar_amount) — monthly dividend per share
February 2024 (date) — the month for which the dividend is declared
7.75% Series A Cumulative Convertible Preferred Stock (company) — the specific class of stock receiving the dividend

Forward-Looking Statements

Pyxis Tankers Inc. will continue to declare monthly dividends for its 7.75% Series A Cumulative Convertible Preferred Stock at the rate of $0.1615 per share. (Pyxis Tankers Inc.) — high confidence, target: next 12 months

FAQ

What type of stock is receiving the declared dividend?

The dividend is declared for Pyxis Tankers Inc.'s 7.75% Series A Cumulative Convertible Preferred Stock, par value $0.001 per share.

What is the amount of the monthly dividend per share?

The board of directors of Pyxis Tankers Inc. has declared a monthly dividend of $0.1615 per share.

For which month is this specific dividend declared?

This dividend is declared for the month of February 2024.

What is the filing date of this 6-K report?

The filing date of this 6-K report is February 1, 2024.

What is Pyxis Tankers Inc.'s Commission File Number?

Pyxis Tankers Inc.'s Commission File Number is 001-37611.

Filing Stats: 432 words · 2 min read · ~1 pages · Grade level 11.7 · Accepted 2024-02-01 08:30:19

Key Financial Figures

$0.1615 — uo;) has declared a monthly dividend of $0.1615 per share on the Company’s 7.75%
$0.001 — Convertible Preferred Stock, par value $0.001 per share, for the month of February 20

Filing Documents

form6-k.htm (6-K) — 17KB
0001493152-24-004564.txt ( ) — 18KB

SIGNATURES

SIGNATURES 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, thereunto duly authorized. PYXIS TANKERS INC. Dated: February 1, 2024 By: /s/ Henry Williams Henry Williams Chief Financial Officer