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MINDP Mitcham Industries 9.00% Series A Cumulative Preferred Stock

Dividends on the Series A Preferred Stock are cumulative from the date of original issue and will be payable quarterly on or about the last day of January, April, July and October of each year, commencing August 1, 2016 when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at a rate equal to 9.00% per annum per $25.00 of stated liquidation preference per share, or $2.25 per share of Series A Preferred Stock per year. On or after June 8, 2021, we may redeem, at our option, the Series A Preferred Stock, in whole or in part, at a cash redemption price of $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date.   This security was issued by Mitcham Industries Inc, whose common stock symbol is MIND.

$6.50  0.00 (0.00%)
As of 03/24/2023 00:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Energy
Industry:  Scientific & Technical Instrum
Index country:  USA
Country of incorporation:  USA
IPO date:  06/14/2016
Outstanding shares:  320,000
Average volume:  3,144
Market cap:   $2,080,000
Current dividend yield:  34.62%    calculation
Coupon rate:    9.000%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   06/08/2021
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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