Star Equity Holdings Announces Cash Dividend of $0.25 Per Share
Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) has declared a cash dividend of $0.25 per share for holders of the 10% Series A Cumulative Perpetual Preferred Stock, as announced by its Board of Directors. This ongoing dividend payment underscores the company’s commitment to providing value to its shareholders.
Overview of Star Equity Holdings, Inc.
Star Equity Holdings, Inc. functions as a diversified holding company, operating through two primary divisions: Building Solutions and Investments. The company aims to utilize its varied portfolio to foster growth and create innovative solutions.
Building Solutions Division
The Building Solutions division focuses on three main areas: manufacturing modular buildings, producing structural wall panels and wood foundations, and distributing building supplies. It also includes the manufacturing of glue-laminated timber products, such as columns, beams, and trusses.
Investments Division
In the Investments division, the company manages and finances its real estate assets alongside its investment interests in both private and public companies, which contributes to enhancing the overall value of the organization.
Information for Shareholders
The recent dividend declaration by Star Equity highlights its steadfast commitment to paying dividends to preferred stockholders. This consistent strategy is part of the company’s larger plan to build and strengthen shareholder confidence.
Contact Information for Corporate Inquiries
For further details, please reach out to:
Star Equity Holdings, Inc.
Richard K. Coleman Jr.
Chief Executive Officer
203-489-9501
admin@starequity.com
The Equity Group
Lena Cati
Senior Vice President
212-836-9611
lcati@equityny.com
Frequently Asked Questions
What is the amount of the declared dividend by Star Equity?
The Board of Directors declared a cash dividend of $0.25 per share.
What type of stock is eligible for the dividend?
The dividend is applicable to the 10% Series A Cumulative Perpetual Preferred Stock.
What does Star Equity Holdings do?
Star Equity is a diversified holding company that operates in the areas of Building Solutions and Investments.
How does the Building Solutions division operate?
This division involves modular building manufacturing, the production of structural wall panels, and the creation of glulam products.
Who can be contacted for more information about the company?
For inquiries, you can reach out to Richard K. Coleman Jr. (CEO) or Lena Cati (Senior VP) via email or phone.