AMMO, Inc. announced a cash dividend of $0.559 per share for Series A Preferred Stock, payable on December 16, 2024.
Quiver AI Summary
AMMO, Inc., the owner of GunBroker.com and a producer of high-performance ammunition, announced that holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock will receive a cash dividend of $0.55902778 per share, payable on December 16, 2024, to record holders as of December 2, 2024. Founded in 2016 and based in Scottsdale, Arizona, AMMO focuses on innovative munitions products catering to law enforcement, military, sport shooting, and self-defense needs. GunBroker.com, launched in 1999, serves as the largest online marketplace for firearms and related products, facilitating sales between third-party sellers under regulated conditions. The press release also includes a disclaimer regarding forward-looking statements related to the company's future performance and plans.
Potential Positives
- AMMO, Inc. is providing a cash dividend of $0.55902778 per share to holders of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock, demonstrating strong financial performance and commitment to shareholders.
- The dividend payment date is set for December 16, 2024, enhancing the attractiveness of the preferred stock to current and prospective investors.
- GunBroker.com, as the largest online marketplace for firearms, continues to support AMMO's brand and market presence in the shooting sports industry.
- AMMO's innovative product offerings, like the patented STREAK™ Visual Ammunition and /stelTH/™ subsonic munitions, position the company as a leader in the evolving ammunition market.
Potential Negatives
- The announcement of a cash dividend may indicate financial challenges, suggesting the company is unable to reinvest profits into growth initiatives.
- The focus on preferred stock dividends, rather than common stock performance, could raise concerns among common shareholders about their returns.
- The press release emphasizes the company's risk of relying on forward-looking statements, which could create uncertainty about its future financial performance and plans.
FAQ
What is the cash dividend for AMMO's Series A Preferred Stock?
The cash dividend is $0.55902778 per Series A Preferred Stock share.
When will AMMO pay the cash dividend?
The cash dividend will be paid on December 16, 2024.
Who qualifies for the cash dividend from AMMO?
Holders of record of the Series A Preferred Stock as of December 2, 2024, qualify for the cash dividend.
What products does AMMO, Inc. manufacture?
AMMO manufactures high-performance ammunition, including STREAK™ Visual Ammunition and /stelTH/™ subsonic munitions.
What is GunBroker.com?
GunBroker.com is the largest online marketplace for firearms and related products, facilitating sales by third-party sellers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$POWW Hedge Fund Activity
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Full Release
SCOTTSDALE, Ariz., Nov. 22, 2024 (GLOBE NEWSWIRE) -- AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on December 2, 2024 will receive a cash dividend equal to $0.55902778 per Series A Preferred Stock share. The cash dividend will be paid on December 16, 2024.
About AMMO, Inc.
With its corporate offices headquartered in Scottsdale, Arizona, AMMO designs and manufactures products for a variety of aptitudes, including law enforcement, military, sport shooting and self-defense. The Company was founded in 2016 with a vision to change, innovate and invigorate the complacent munitions industry. AMMO promotes its own branded munitions, including its patented STREAK ™ Visual Ammunition, /stelTH/ ™ subsonic munitions, and armor piercing rounds for military use. For more information, please visit: www.ammo-inc.com .
About GunBroker.com
GunBroker.com is the largest online marketplace dedicated to firearms, hunting, shooting and related products. Aside from merchandise bearing its logo, GunBroker.com currently sells none of the items listed on its website. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Launched in 1999, GunBroker.com is an informative, secure and safe way to buy and sell firearms, ammunition, air guns, archery equipment, knives and swords, firearms accessories and hunting/shooting gear online. GunBroker.com promotes responsible ownership of guns and firearms. For more information, please visit: www.gunbroker.com .
Forward Looking Statements
This document contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies, goals and objectives of management for future operations; any statements concerning proposed new products and services or developments thereof; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.
Forward looking statements may include the words “may,” “could,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” or other similar words, or the negative thereof. These forward-looking statements present our estimates and assumptions only as of the date of this report. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the dates on which they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the dates they are made. You should, however, consult further disclosures and risk factors we include in Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports filed on Form 8-K.
Investor Contact:
CoreIR
Phone: (212) 655-0924
[email protected]
Source: AMMO, Inc.
