Green Plains Renewable Energy, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Green Plains Renewable Energy, Inc. on August 22, 2013. The report discloses a corporate action approved by the Board of Directors regarding shareholder distributions.
Key Financial Metrics
The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on the declaration of a cash dividend.
Material Changes
The primary material event is the initiation of a quarterly cash dividend program. The Board approved an initial quarterly dividend of $0.04 per common share.
- Dividend Amount: $0.04 per common share
- Record Date: September 5, 2013
- Payment Date: September 26, 2013
Guidance, Outlook, and Risks
Management commentary indicates that future declarations of quarterly dividends will be subject to the approval of the Company's Board of Directors. The filing does not contain specific forward-looking guidance on earnings, operational outlook, or detailed risk factors beyond the standard discretion of the Board regarding future dividends.
Key Facts for Investor Verification
- Verify the ex-dividend date to determine eligibility for the $0.04 payment.
- Confirm the company's cash position and liquidity to assess the sustainability of future dividend declarations.
- Review the attached press release (Exhibit 99.1) for any additional context on the Board's rationale.