Power REIT Form 8-K Summary
Business Context and Reporting Period
This is a Current Report (Form 8-K) filed by Power REIT on April 23, 2018. The report discloses 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 data disclosed is the dividend declaration:
- Dividend Amount: $0.484375 per share
- Security: 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock
- Payment Date: June 15, 2018
- Record Date: May 15, 2018
Material Changes
The filing does not report material changes to the company's financial position 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 event.
Key Facts for Investors to Verify
- Confirm the record date of May 15, 2018, to ensure eligibility for the dividend.
- Verify the payment date of June 15, 2018, for cash flow planning.
- Check the specific terms of the 7.75% Series A Cumulative Redeemable Perpetual Preferred Stock for redemption rights or cumulative dividend arrears.