Pyxis Tankers Declares Monthly Dividend, Authorizes Share Redemption
Ticker: PXS · Form: 6-K · Filed: 2024-10-02T00:00:00.000Z
Sentiment: neutral
Topics: dividend, preferred-stock, redemption
Related Tickers: PYXS
TL;DR
PYXS paying $0.1615/share on Series A preferred Oct 20, also authorized to redeem remaining shares.
AI Summary
Pyxis Tankers Inc. declared a monthly dividend of $0.1615 per share on its 7.75% Series A Cumulative Convertible Preferred Stock for October 2024. The dividend is payable on October 20, 2024, to shareholders of record as of October 11, 2024. The company also announced authorization to redeem all remaining preferred shares.
Why It Matters
This action indicates a potential move by Pyxis Tankers to simplify its capital structure or reduce its outstanding preferred stock obligations.
Risk Assessment
Risk Level: low — The filing is a routine dividend declaration and authorization for share redemption, with no immediate negative financial implications disclosed.
Key Numbers
- $0.1615 — Monthly Dividend per Share (Declared for Series A Preferred Stock for October 2024.)
Key Players & Entities
- Pyxis Tankers Inc. (company) — Registrant
- $0.1615 (dollar_amount) — Monthly dividend per share
- 7.75% Series A Cumulative Convertible Preferred Stock (company) — Stock on which dividend is declared
- October 20, 2024 (date) — Dividend payment date
- October 11, 2024 (date) — Record date for dividend
FAQ
What is the amount of the monthly dividend declared by Pyxis Tankers Inc.?
Pyxis Tankers Inc. declared a monthly dividend of $0.1615 per share.
On which class of stock is the dividend being paid?
The dividend is being paid on the Company's 7.75% Series A Cumulative Convertible Preferred Stock.
When will the dividend be paid?
The cash dividend will be payable on October 20, 2024.
Who are the shareholders eligible to receive the dividend?
Holders of record as of October 11, 2024, are eligible to receive the dividend.
What other significant action has the company's board authorized?
The board of directors has authorized the company to redeem all remaining 303, [shares of preferred stock].
Filing Stats: 236 words · 1 min read · ~1 pages · Grade level 9.7 · Accepted 2024-10-02 08:00:17
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 October, 20
- $25.00 — outstanding at the Redemption Price of $25.00 per Share by cash payment on October 20
Filing Documents
- form6-k.htm (6-K) — 13KB
- 0001493152-24-039108.txt ( ) — 15KB
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: October 2, 2024 By: /s/ Henry Williams Henry Williams Chief Financial Officer