Pyxis Tankers Declares Monthly Preferred Stock Dividend
Ticker: PXS · Form: 6-K · Filed: 2024-07-02T00:00:00.000Z
Sentiment: neutral
Topics: dividend, preferred-stock, monthly-payment
Related Tickers: PYX
TL;DR
PYX paying $0.1615/share preferred dividend July 22nd.
AI Summary
Pyxis Tankers Inc. announced on July 2, 2024, that its board of directors has declared a monthly dividend of $0.1615 per share for its 7.75% Series A Cumulative Convertible Preferred Stock. This dividend is for the month of July 2024 and will be paid on July 22, 2024, to shareholders of record as of July 12, 2024.
Why It Matters
This announcement provides clarity on dividend payments for preferred stockholders, impacting their expected income from the investment.
Risk Assessment
Risk Level: low — The filing is a routine dividend declaration for preferred stock, which is a standard corporate action.
Key Numbers
- $0.1615 — Monthly Dividend per Share (Dividend amount for the 7.75% Series A Cumulative Convertible Preferred Stock for July 2024.)
Key Players & Entities
- Pyxis Tankers Inc. (company) — The company declaring the dividend.
- $0.1615 (dollar_amount) — The amount of the monthly dividend per share.
- 7.75% Series A Cumulative Convertible Preferred Stock (company) — The specific class of stock receiving the dividend.
- July 22, 2024 (date) — The payment date for the dividend.
- July 12, 2024 (date) — The record date for determining dividend recipients.
FAQ
What is the total amount of the dividend payment for July 2024?
The filing does not specify the total number of preferred shares outstanding, so the total dividend payment amount cannot be calculated from this report.
Is this dividend for common stock or preferred stock?
This dividend is specifically for the Company's 7.75% Series A Cumulative Convertible Preferred Stock.
What is the dividend rate for the preferred stock?
The preferred stock has a rate of 7.75% per annum, and the monthly dividend declared is $0.1615 per share.
When will the dividend be paid?
The cash dividend will be payable on July 22, 2024.
Who is eligible to receive this dividend?
Holders of record of the Company's 7.75% Series A Cumulative Convertible Preferred Stock as of July 12, 2024, are eligible to receive the dividend.
Filing Stats: 201 words · 1 min read · ~1 pages · Grade level 9.2 · Accepted 2024-07-02 08:00:06
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 July, 2024.
Filing Documents
- form6-k.htm (6-K) — 15KB
- 0001493152-24-025907.txt ( ) — 16KB
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: July 2, 2024 By: /s/ Henry Williams Henry Williams Chief Financial Officer