Series E

Search documents
BRAEMAR HOTELS & RESORTS DECLARES DIVIDENDS FOR THE THIRD QUARTER OF 2025
Prnewswire· 2025-07-11 20:20
Core Points - Braemar Hotels & Resorts Inc. declared a quarterly cash dividend of $0.05 per diluted share for its common stock for Q3 2025, equating to an annual rate of $0.20 per share, payable on October 15, 2025 [1] - The Board also declared a quarterly cash dividend of $0.3438 per diluted share for the 5.5% Series B Cumulative Convertible Preferred Stock, payable on October 15, 2025 [2] - A quarterly cash dividend of $0.5156 per diluted share was declared for the 8.25% Series D Cumulative Preferred Stock, also payable on October 15, 2025 [3] - Monthly cash dividends were declared for the Series E Redeemable Preferred Stock at $0.15625 per share, with payments scheduled for August 15, September 15, and October 15, 2025 [4] - For the Series M Redeemable Preferred Stock, monthly dividends of $0.17917, $0.17708, and $0.17500 per share were declared, with similar payment schedules [5][6][7] - As of June 30, 2025, there were 13,391,250 shares of Series E Redeemable Preferred Stock and 1,420,421 shares of Series M Redeemable Preferred Stock issued and outstanding [8]
Greenland Rises 6% Year to Date: Should You Buy the GTEC Stock?
ZACKS· 2025-06-27 16:21
Core Insights - Greenland Technologies (GTEC) shares have appreciated 6.1% year to date (YTD), underperforming the Zacks Electronics – Miscellaneous Products industry's return of 10.7% but outperforming the Zacks Computer and Technology sector's return of 4.4% [1] Company Overview - Greenland is a developer and manufacturer of drivetrain systems for material handling machinery and electric industrial vehicles (HEVI), offering transmission products essential for forklift trucks used in manufacturing and logistics [2] - The automotive transmission components market is projected to grow at a CAGR of 5.6% from 2025 to 2030 [2] Competitive Landscape - Greenland faces competition from Dana Incorporated, BorgWarner, and American Axle & Manufacturing Holdings in the drivetrain systems sector [3] - Dana's shares appreciated 49.5% YTD, while BorgWarner's increased by 5.7%, and American Axle's shares dropped by 27.9% YTD [4] Stock Performance - GTEC stock is currently trading above the 50-day and 200-day moving averages, indicating a bullish trend [7] - The stock is up 6.1% YTD, with a gross margin increase of 580 basis points to 30.7% due to a focus on high-value hydraulic transmission products [8] Financial Performance - In Q1 2025, revenues declined 4.6% year over year to $21.68 million, with 38,734 sets of transmission products sold to over 100 forklift manufacturers in China [11] - The gross margin expanded to 30.7%, and income from operations surged 149.6% year over year to $4.81 million, leading to earnings of 29 cents per share, up 61.1% year over year [12] Future Prospects - Greenland's HEVI unit launched new electric vehicle models and expanded U.S. production with a new assembly site in Baltimore [8][14] - HEVI's product line includes various electric forklifts and heavy equipment, with a focus on lithium-powered models [14][15] - A partnership with Lonking Holdings Limited aims to develop and distribute heavy electric machinery for the U.S. market [16] Customer Concentration - Greenland's revenue is significantly concentrated, with the five largest customers accounting for 41.27% of total revenues, posing a risk if any major customer is lost [17] Valuation - Greenland shares are considered undervalued, trading at a Price/Book ratio of 0.48X compared to the industry's 11.03X, indicating a cheap valuation [18] Investment Recommendation - Despite competition and customer concentration risks, Greenland's diversified portfolio and strong financial performance suggest a favorable investment outlook, supported by a Zacks Rank 2 (Buy) [21]
FOXO TECHNOLOGIES INC. DESIGNATES NEW SERIES OF PREFERRED STOCK TO BE USED FOR ACQUISITIONS
Globenewswire· 2025-06-27 11:27
Core Points - FOXO Technologies Inc. has designated a new series of preferred stock, Series E Cumulative Redeemable Secured Preferred Stock, with a stated value of $25.00 per share and a 2.5% cash dividend paid semi-annually [1] - The Series E Preferred Stock will serve as both an acquisition currency and a capital raising security, aimed at supporting the company's acquisition strategy and enhancing long-term value for stockholders [2] - FOXO operates three subsidiaries, including a critical access hospital and a behavioral health facility, indicating its involvement in the healthcare sector [3] Financial Details - The Series E Preferred Stock includes a 5.0% per annum common stock dividend paid semi-annually and a security interest in the stock of FOXO's acquisition vehicle [1] - The company intends to publicly list the Series E Preferred Stock with its own trading symbol at an appropriate time [2] Company Overview - FOXO Technologies Inc. focuses on improving human health and lifespan through biotechnology and innovative product solutions [4] - The company operates in the healthcare industry, with subsidiaries that provide critical access healthcare and behavioral health services [3]
Lennox Unveils Elite Series EL18KSLV Side Discharge Heat Pump Designed for Compact Homes
Prnewswire· 2025-06-23 13:03
Core Insights - Lennox Residential HVAC has launched the Elite Series EL18KSLV Side Discharge Heat Pump, which emphasizes efficient performance and space-saving design [1][2] - The new heat pump is particularly suited for homeowners with zero-lot-line or narrow-lot homes, providing high-efficiency heating without requiring additional space [2] - The unit features a variable-capacity design with energy ratings of up to 19.00 SEER2 and 10.00 HSPF2, aimed at reducing energy consumption and potentially lowering utility costs [2] Product Features - The EL18KSLV Side Discharge Heat Pump has a narrow cabinet for easy installation in limited spaces [2] - It operates at sound levels as low as 54 decibels, comparable to an electric toothbrush, ensuring quiet operation [2] - The unit is compatible with multiple Lennox smart thermostat product lines, allowing for management through various smart home platforms [3] Incentives and Availability - The heat pump qualifies for the Energy Efficient Home Improvement Credit, a federal incentive for high-efficiency home upgrades, with additional regional incentives potentially available [3] - The EL18KSLV Side Discharge Heat Pump is available for purchase through local Lennox dealers [3] Company Overview - Lennox (NYSE: LII) is a leader in energy-efficient climate-control solutions, focusing on sustainability and innovation in cooling, heating, indoor air quality, and refrigeration systems [4]
Wintrust Financial Corporation Announces Redemption of All Outstanding Series D and Series E Preferred Stock and Related Depositary Shares
Globenewswire· 2025-06-13 20:05
Core Points - Wintrust Financial Corporation will redeem all shares of its Series D and Series E Preferred Stock on July 15, 2025, at a price of $25.00 per share for Series D and $25,000 per share for Series E [1][2] - The redemptions will be funded by net proceeds from a public offering of Series F Preferred Stock completed on May 22, 2025 [1] - Regular quarterly dividends will be paid on the Redemption Date to holders of record as of July 1, 2025, but the redemption price will not include any accrued and unpaid dividends [3] Company Overview - Wintrust is a financial holding company listed on the NASDAQ Global Select Market, operating over 200 retail banking locations through 16 community bank subsidiaries across several states [5] - The company provides a range of services including residential mortgage origination, wealth management, and commercial financing [5]
Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds
Seeking Alpha· 2025-05-26 08:11
Core Viewpoint - The article discusses the investment in Ready Capital's 6.50% Series E Cumulative Preferreds, highlighting the significant decline in the common shares and the preferred shares year-to-date, indicating a potential buying opportunity in the context of a broader market selloff [1]. Group 1: Company Performance - Ready Capital's common shares have decreased by 40% year-to-date, while the Series E preferred shares have dipped by 16% over the same period [1]. Group 2: Investment Strategy - The investment strategy focuses on long-term wealth creation by targeting undervalued yet high-growth companies, high-dividend stocks, REITs, and green energy firms [1].
TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares
Globenewswire· 2025-05-06 20:05
ATHENS. Greece, May 06, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. ("TEN") (NYSE: TEN) (the "Company"), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the "Series E Preferred Shares"; NYSE; TENPRE). The dividend on the Series E Preferred Shares is for the period from the most recent dividend payment date of February 28, 2025 through May ...