Power REIT Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Power REIT on November 3, 2015. The report discloses a specific corporate event regarding the declaration of a dividend on the company's preferred stock.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial figure disclosed is the dividend amount.
- Dividend Declared: $0.48375 per share
- Security: 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock
- Payment Date: December 15, 2015
- Record Date: November 15, 2015
Material Changes
The filing does not report material changes to the company's financial condition or operations compared to prior periods. It solely announces the scheduled quarterly dividend payment.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is a routine disclosure of a dividend declaration.
Key Facts for Investors to Verify
- Confirm the record date of November 15, 2015, to ensure eligibility for the dividend.
- Verify the payment date of December 15, 2015, for cash flow planning.
- Review the terms of the 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock to understand cumulative dividend obligations.