Business Context and Reporting Period
Company: Green Brick Partners, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 16, 2023
Event: Declaration of quarterly cash dividend on 5.75% Series A Cumulative Perpetual Preferred Stock.
Key Financial Metrics
This filing does not report consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. It specifically addresses the following dividend metrics for the Series A Preferred Stock:
- Dividend Amount: $359.38 per share of Series A Preferred Stock (equivalent to $0.35938 per Series A Depositary Share).
- Annual Rate: 5.75% of the $25,000.00 liquidation preference per share.
- Annualized Dividend: $1,437.50 per share of Series A Preferred Stock (equivalent to $1.4375 per Series A Depositary Share).
- Coverage Period: December 15, 2022, through March 15, 2023.
Material Changes
The filing does not disclose material changes to the company's financial position or operations compared to prior periods. It solely reports the routine declaration of a quarterly dividend.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors has declared the dividend payable on March 15, 2023.
Record Date: March 1, 2023.
Risks and Contingencies: No specific risks or contingencies are detailed in this filing text.
Investor Verification Checklist
- Verify the record date of March 1, 2023, to confirm eligibility for the dividend.
- Confirm the payment date of March 15, 2023.
- Validate the dividend amount of $0.35938 per Series A Depositary Share (GRBK.PRA).
- Review the company's broader financial health in the most recent 10-Q or 10-K, as this 8-K does not contain operational financial data.