According to Odaily, citing PRNewswire, BitMine’s Class A perpetual preferred stock, BMNP, has been approved for listing on the New York Stock Exchange. The security is expected to begin trading on June 16, with an annualized dividend rate of 9.50% disclosed in the announcement.
BMNP Listing and Dividend Schedule
The announcement also sets out the first cash dividend arrangement. The initial cash dividend will be $0.316667 per share and will be paid on June 22 to shareholders of record as of the close of business on June 12.
Subsequent weekly dividends are set at $0.105556 per share. The next payment under that schedule will be made on June 26 to shareholders of record as of the close of business on June 16. Under the stated timetable, June 16 is both the expected first trading day for BMNP on the NYSE and the record date for the following weekly dividend payment.