Breaking News: AMMO, Inc. Announces Cash Dividend for Series A Preferred Stock Holders
Scottsdale, Ariz., Nov. 22, 2024 (GLOBE NEWSWIRE)
AMMO, Inc. (Nasdaq: POWW, POWWP) (“AMMO” or the “Company”) the owner of GunBroker.com, the largest online marketplace serving the firearms and shooting sports industries, and a leading vertically integrated producer of high-performance ammunition and components, today announced that the holders of record of the Company’s 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) as of the close of business on December 2, 2024 will receive a cash dividend equal to $0.55902778 per Series A Preferred Stock share. The cash dividend will be paid on December 16, 2024.
Have you ever received unexpected cash in your wallet? Well, imagine being a holder of AMMO, Inc.’s Series A Preferred Stock and finding out that you will be getting a cash dividend soon! It’s like a little bonus for investing in a company that has been making waves in the firearms and shooting sports industries.
Being a shareholder of AMMO, Inc. not only means you have a stake in the largest online marketplace for firearms, GunBroker.com, but also in a company that prides itself on producing top-notch ammunition and components. This cash dividend is just another perk of being part of the AMMO family.
So, how will this cash dividend affect you as a shareholder? Well, depending on how many Series A Preferred Stock shares you own, you could be looking at a nice sum of money coming your way. It’s always a good feeling to see your investment pay off in such a tangible way.
As for the world, this announcement from AMMO, Inc. could have a ripple effect in the firearms and shooting sports industries. It shows that the company is thriving and rewarding its investors, which could attract more interest and investment from others looking to get involved in this booming market.
How Will This Affect Me?
As a shareholder of AMMO, Inc.’s Series A Preferred Stock, this cash dividend is a welcomed surprise that rewards your investment in the company. It’s a tangible benefit that shows the value of being part of a successful and growing company like AMMO.
How Will This Affect the World?
AMMO, Inc.’s announcement of a cash dividend for its Series A Preferred Stock holders sends a positive signal to the firearms and shooting sports industries. It demonstrates the company’s strength and success, which could attract more interest and investment in these sectors, leading to further growth and innovation.
Conclusion
In conclusion, AMMO, Inc.’s decision to issue a cash dividend for its Series A Preferred Stock holders is a win-win for both shareholders and the industries it serves. It’s a testament to the company’s growth and success, and a promising sign for the future of firearms and shooting sports. Cheers to more dividends and continued prosperity for AMMO, Inc.!
