Power REIT Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Power REIT on January 25, 2019. The report pertains to a corporate action 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, or debt metrics. The only specific financial figure disclosed is the dividend declaration:
- Dividend Amount: $0.484375 per share
- Security: 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock
- Record Date: February 15, 2019
- Payment Date: March 15, 2019
Material Changes
The filing reports the declaration of a quarterly dividend. No other material changes to the company's financial condition or operations are disclosed in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is strictly a notification of the dividend event.
Key Facts for Investor Verification
- Verify the record date of February 15, 2019, to confirm eligibility for the dividend.
- Confirm the payment date of March 15, 2019, for cash flow planning.
- Note that this dividend applies specifically to the 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, not common stock.