CETXP
Closed
Cemtrex Inc Pref
0.33
-0.04 (-10.81%)
Last Update: 30 Jun 2025 18:44:00
Yesterday: 0.37
Day's Range: 0.33 - 0.33
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When Written:
0.5359
Cemtrex Inc. is a diversified technology company that provides solutions to a variety of industries, including industrial, environmental, and electronic. The company's preferred stock is traded on the NASDAQ under the ticker symbol CETXP.
Cemtrex Inc. Preferred Stock (CETXP) is a type of security that represents ownership in the company and has a fixed dividend rate. The preferred stock is senior to the common stock and has priority in terms of dividend payments and liquidation.
The CETXP has a par value of $0.001 per share and a liquidation preference of $25 per share. The stock pays a fixed dividend rate of 10% per annum, payable quarterly in arrears. The dividends are cumulative, meaning that if the company misses a dividend payment, it must pay it before paying any dividends to common stockholders.
The CETXP is callable, meaning that the company can redeem the stock at any time at a price of $25 per share plus accrued and unpaid dividends. The stock also has conversion rights, allowing holders to convert their shares into common stock at a ratio of 1:1.
Investors should be aware that preferred stock is generally less volatile than common stock, but also has less potential for capital appreciation. Additionally, preferred stockholders may not have voting rights in the company.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
Cemtrex Inc. Preferred Stock (CETXP) is a type of security that represents ownership in the company and has a fixed dividend rate. The preferred stock is senior to the common stock and has priority in terms of dividend payments and liquidation.
The CETXP has a par value of $0.001 per share and a liquidation preference of $25 per share. The stock pays a fixed dividend rate of 10% per annum, payable quarterly in arrears. The dividends are cumulative, meaning that if the company misses a dividend payment, it must pay it before paying any dividends to common stockholders.
The CETXP is callable, meaning that the company can redeem the stock at any time at a price of $25 per share plus accrued and unpaid dividends. The stock also has conversion rights, allowing holders to convert their shares into common stock at a ratio of 1:1.
Investors should be aware that preferred stock is generally less volatile than common stock, but also has less potential for capital appreciation. Additionally, preferred stockholders may not have voting rights in the company.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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