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HOVNP Hovnanian Enterprises ADRs of 7.625% Series A Preferred

Dividends, in arrears, on the Series A Preferred Stock will be payable on January 15, April 15, July 15 and October 15 of each year, when, as, and if declared by us, beginning on October 15, 2005 at an annual rate of 7.625% of the $25.00 per depositary share, or $1.90625 per depositary share per year. Dividends on the Series A Preferred Stock are not cumulative and, accordingly, if for any reason we do not declare a dividend on the Series A Preferred Stock for a quarterly dividend period, holders of the Series A Preferred Stock will have no right to receive a dividend for that period, and we will have no obligation to pay a dividend for that period, whether or not we pay dividends in full or have sufficient funds to pay dividends in the future. We may not redeem the Series A Preferred Stock prior to July 12, 2010. On or after July 12, 2010, we may, at our option, redeem the Series A Preferred Stock, in whole or, from time to time, in part, for $25.00 per depositary share, payable in cash, plus any accrued and unpaid dividends through the date of redemption for the then-current quarterly dividend period.   This security was issued by Hovnanian Enterprises Inc Class A, whose common stock symbol is HOV.

$18.13  +0.13 (0.69%)
As of 03/27/2023 10:29:45 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Consumer Discretionary
Industry:  Residential Construction
Index country:  USA
Country of incorporation:  USA
IPO date:  11/30/2005
Outstanding shares:  5,000,000
Average volume:  6,017
Market cap:   $94,200,000
Current dividend yield:  10.12%    calculation
Coupon rate:    7.625%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   07/12/2010
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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