Core Viewpoint - Safe and Green Development Corporation has declared a stock dividend of 0.05 shares for each outstanding share held by shareholders as of April 7, 2025, rewarding shareholders while executing its long-term strategy [1][2]. Company Overview - Safe and Green Development Corporation is a real estate development company established in 2021, focusing on acquiring and investing in properties for future development into green single or multi-family projects [3]. - The company has a wholly owned subsidiary, Majestic World Holdings LLC, which operates a real estate AI platform aimed at increasing margins on homes sold by providing mortgage services and down payment assistance [3]. - Another subsidiary, MyVONIA Innovations LLC, owns MyVONIA, an AI-powered personal assistant designed to enhance productivity for individuals and businesses [3]. Dividend Details - The stock dividend will be distributed after trading closes on April 22, 2025, with trading on a stock dividend-adjusted basis expected to begin on April 23, 2025 [2]. - Shareholders will receive one additional share for every twenty shares held, with fractional shares settled in cash based on the opening price on April 8, 2025 [1][2].
Safe and Green Development Corporation Declares Stock Dividend for Shareholders