NYSEAM:GPUS - Post by User
Post by
ecabrera333on Nov 14, 2024 4:07am
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Post# 36312078
Offensive Dividends
Offensive DividendsOn November 13, 2024, Milton C. Ault (also known as Milton Todd Ault III) and William B. Horne finally announced that the special dividend will be paid on December 9, 2024, to shareholders of record as of November 26, 2024.
This special dividend (assuming it is not canceled) would amount to just three shares of E Preferred stock (valued at $75), representing a mere 0.075% rate of return for those who invested around $100,000 in common stock since January 2023.
Given the numerous stock splits, the announcement of such a small dividend feels more like an insult than a reward.