ChainCatcher reported, citing PR Newswire, that BitMine, described as an Ethereum treasury company, has received approval to list its Class A perpetual preferred stock on the New York Stock Exchange. The security will trade under the ticker symbol BMNP and is scheduled to begin trading on June 16. The stated dividend rate is 9.50%.
BitMine’s board has declared the first cash dividend for the preferred stock. The initial dividend is set at $0.316667 per share and will be paid on June 22 to shareholders of record as of the close of business on June 12.
The company also announced the second weekly dividend. That payment is set at $0.105556 per share and will be paid on June 26 to shareholders of record as of the close of business on June 16. The disclosed details cover BMNP’s NYSE listing approval, planned first trading date, dividend rate, and the record and payment dates for the first two cash dividend distributions.