Mobile Infrastructure Announces Preferred Stock Dividends for February
The company's board has authorized cash dividends for Series A and Series 1 preferred shareholders.
January 22, 2025
Mobile Infrastructure Corporation Declares Preferred Stock Dividends
CINCINNATI, OHIO – January 22, 2025 – Mobile Infrastructure Corporation (NYSE American: BEEP), a real estate investment firm specializing in transportation-related assets, has announced the payment of dividends for its Series A and Series 1 Preferred Stock. The company's board of directors authorized the distributions, which will be paid to eligible shareholders in February.
The dividend payments reflect Mobile Infrastructure's ongoing strategy to return value to its investors while maintaining financial flexibility. The company's board will continue to evaluate future distributions based on overall financial performance, regulatory factors, and other strategic considerations.
Dividend Details and Payment Schedule
Mobile Infrastructure has confirmed the following dividend rates for its preferred shareholders:
- Series A Preferred Stock holders will receive $4.791 per share, with the payment scheduled for February 12, 2025.
- Series 1 Preferred Stock holders will receive $4.583 per share, also payable on February 12, 2025.
Record dates for eligibility have been set for January 28, 2025, for Series A and January 24, 2025, for Series 1 Preferred Stock. Shareholders who hold these securities as of these respective dates will be entitled to receive the distributions.
While these payments are part of the company’s regular financial operations, the board has clarified that future dividends will depend on business performance and financial conditions.
Strategic and Financial Outlook
Mobile Infrastructure Corporation has focused on managing its assets efficiently and optimizing its portfolio in response to evolving market dynamics. The company's financial decisions, including dividend distributions, reflect its commitment to shareholder returns while maintaining fiscal discipline.
The transportation and infrastructure-focused firm continues to navigate the economic environment while seeking opportunities to expand its footprint. As an emerging growth company, it remains positioned to explore strategic acquisitions and operational improvements to drive long-term value creation.
Investors and analysts will be monitoring the company's future announcements to assess any changes in its dividend strategy and overall financial health.
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