DividendJun 11, 2026, 04:52 PM
Adamas Trust Declares $0.27 Common Stock Dividend; Amends Equity Plan
AI Summary
Adamas Trust declared a regular quarterly cash dividend of $0.27 per share on its common stock, payable July 28, 2026, to stockholders of record on June 23, 2026. The Board also declared cash dividends for its Series D, E, F, and G Preferred Stocks. Additionally, stockholders approved the Third Amendment to the 2017 Equity Incentive Plan, increasing authorized shares by 9,000,000 and adjusting non-employee director compensation limits. The Board also adopted a new Deferred Compensation Plan for select management and non-employee directors, allowing deferral of various compensation types.
Key Highlights
- Declared a regular quarterly cash dividend of $0.27 per share on common stock.
- Common stock dividend payable July 28, 2026, to record holders on June 23, 2026.
- Declared $0.50 per share dividend for 8.000% Series D Preferred Stock.
- Declared $0.6549289 per share dividend for 7.875% Series E Preferred Stock.
- Declared $0.4296875 per share dividend for 6.875% Series F Preferred Stock.
- Declared $0.4375 per share dividend for 7.000% Series G Preferred Stock.
- Stockholders approved increasing 2017 Equity Incentive Plan shares by 9,000,000.
- Non-employee director annual compensation limit increased to $750,000.
- Board adopted a new Deferred Compensation Plan for select management and directors.
Price Impact
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