Hyperscale Data Announces New Dividend Plans for Preferred Stock
Hyperscale Data Announces Cash Dividend Increase
Hyperscale Data, Inc. (NYSE American: GPUS), a prominent player in the tech industry based in Las Vegas, has made a significant announcement regarding its monthly dividends. The company has declared a cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. This decision reflects the company’s dedication to enhancing shareholder value. The record date set for this dividend is the end of May, with payments scheduled to be made in early June.
Additional Series E Preferred Stock Dividend
In an additional financial update, Hyperscale Data also revealed the declaration of a dividend of $0.41666 for its 10.00% Series E Cumulative Redeemable Perpetual Preferred Stock. This declaration includes a prior deferred dividend from the previous month, showcasing the company’s proactive approach to meeting financial commitments. This also aligns with their strategy to retain investor confidence.
CEO's Insights on Dividend Strategy
Milton “Todd” Ault III, the Executive Chairman of Hyperscale Data, expressed his satisfaction regarding these developments. He remarked, "The Company is pleased to pay the previously deferred monthly Series E Preferred Stock dividend while simultaneously declaring the current monthly dividend.” This statement emphasizes the company’s commitment to consistent dividend payouts and transparency with their stakeholders.
About Hyperscale Data and Its Ventures
Hyperscale Data operates through its wholly owned subsidiary, Sentinum, Inc., which focuses on mining digital assets and providing colocation and hosting services tailored for burgeoning AI technologies. This operational model positions them well to tap into the rapidly evolving tech landscape. Another subsidiary, Ault Capital Group, Inc. (ACG), aims to pursue strategic growth through acquiring undervalued businesses and innovative technologies.
Future Directions for the Company
In looking forward, Hyperscale Data is set to divest ACG by the end of the year. This transition marks a significant shift for the company, which will refocus entirely on data center operations geared towards high-performance computing. While they venture into new territories, the commitment to mining Bitcoin may still continue as an ancillary operation, underlining the company’s adaptive strategies.
Investor Relations and Company Overview
For investors keen on gaining insights, Hyperscale Data encourages reviewing its public filings and releases, which are readily available on their official website. This enhances transparency, allowing stakeholders to stay informed about the company's ongoing projects and strategic directions.
Looking Ahead
Hyperscale Data aims to not only fulfill immediate financial responsibilities but also to position itself favorably in the market for long-term growth. Through strategic financial planning and operational efficiency, the company maintains its vision of innovation and industry leadership. The continued support from shareholders signifies a strong foundation for these aspirations.
Frequently Asked Questions
What is the recent cash dividend declared by Hyperscale Data?
The company has declared a cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.
When will the dividend payments be made?
The record date for the dividends is May 31, with payment scheduled for June 10.
What does the Series E Preferred Stock dividend include?
The Series E Preferred Stock dividend includes a previously deferred payment from the month ending April 30.
How does Hyperscale Data plan to grow in the future?
Hyperscale Data plans to divest Ault Capital Group and concentrate on its core business of data center operations.
Where can shareholders find more information about the company?
Shareholders can access additional information on Hyperscale Data through its official website and public filings to stay updated on company activities.
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