ReposiTrak, Inc. Announces Quarterly Cash Dividend Details
ReposiTrak, Inc. Declares Quarterly Cash Dividend
ReposiTrak, Inc. (NYSE: TRAK), recognized as the largest food traceability and regulatory compliance network globally, showcases its commitment to shareholders by announcing a quarterly cash dividend of $0.0165 per share. This marks an annual dividend of $0.066, reflecting the company's strong operational performance and efforts to promote shareholder value.
Details of the Dividend
The dividend, as declared by ReposiTrak’s Board of Directors, is set to be distributed to shareholders who are recorded as of September 30, 2024. Shareholders can expect to receive their dividend payment on or around November 13, 2024. This timely announcement underscores the company’s dedication to maintaining a shareholder-friendly approach amidst a competitive industry landscape.
Understanding ReposiTrak's Core Role
ReposiTrak operates a compliance, supply chain, and e-commerce platform that allows retailers, wholesalers, and suppliers to streamline their operations effectively. By enhancing inventory management and minimizing out-of-stock situations, ReposiTrak boosts sales and mitigates potential risks. This innovative approach positions the company as a pivotal player in enhancing supply chain efficiencies across the market.
Insights into ReposiTrak Operations
The company articulates its operational strategies through comprehensive disclosures that include management analyses of results and financial health, which are detailed in their annual report on Form 10-K. Shareholders and potential investors are encouraged to review these documents to gain insights into the company’s risk factors and overall performance.
Getting to Know ReposiTrak Better
ReposiTrak continues to evolve its services, ensuring a robust platform that sets standards in compliance and traceability. Their focus on empowering supply chain participants—with tools that foster transparency and operational efficiency—is pivotal. As businesses face an increasingly complex regulatory environment, ReposiTrak stands ready to support them with innovative solutions tailored to their unique challenges.
Committed to Transparency
Transparency and shareholder communication are key elements in ReposiTrak's philosophy. By presenting clear financial data and insightful management analyses, the company enables stakeholders to make well-informed decisions. This commitment reinforces trust and enhances relationships with both current and prospective investors.
Frequently Asked Questions
What is the amount of the declared dividend by ReposiTrak, Inc.?
ReposiTrak, Inc. has declared a dividend of $0.0165 per share.
When will the dividend be paid to shareholders?
The cash dividends will be paid on or about November 13, 2024.
Who is eligible to receive the dividend payment?
Shareholders of record as of September 30, 2024, will be eligible to receive the dividend.
What is the primary function of ReposiTrak's platform?
ReposiTrak provides compliance, supply chain, and e-commerce solutions to improve efficiencies and reduce risks for retailers and suppliers.
Where can more information about ReposiTrak be found?
More information about ReposiTrak and its services can be found on their official website: www.repositrak.com.
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