Hansen, Mueller Industries director, sells $105,710 in stock
Cemtrex Inc. (NASDAQ:CETX), currently trading at $0.66 with a market capitalization of $3.78 million, announced Friday that its Board of Directors has approved the payment of its upcoming dividend on Series 1 Preferred Stock in the form of additional shares of Series 1 Preferred Stock, instead of cash. According to InvestingPro data, the company operates with a significant debt burden of $22.56 and is rapidly burning through cash. The new shares will be issued on October 7, 2025, to holders of record as of the close of business on September 30, 2025.
According to a statement in the company’s SEC filing, holders of Series 1 Preferred Stock are entitled to receive dividends at an annual rate of 10%, based on a $10.00 per share preference amount, with payments made semiannually. The company maintains a current ratio of 1.2, with annual revenue of $76.1 million. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 14 additional key insights available to subscribers.
The resolution was passed by Cemtrex’s Board of Directors on Friday. The company is incorporated in Delaware and its common stock is listed on the Nasdaq Capital Market under the symbol CETX.
This information is based on a press release statement included in Cemtrex’s recent SEC filing.
In other recent news, Cemtrex Inc. has signed non-binding letters of intent to acquire two profitable U.S.-based businesses in the fields of industrial robotics integration and aerospace and defense systems engineering. These acquisitions are projected to contribute between $15-18 million in annual revenue and $2.5-3 million in operating income once completed. Additionally, Cemtrex’s subsidiary, Vicon Industries, has received a purchase order exceeding $500,000 for its NEXT Modular Sensor System from a major school district in Kentucky. This order includes over 550 NEXT camera sensors and is expected to be fulfilled in Cemtrex’s fiscal fourth quarter.
Moreover, Vicon Industries secured a follow-on order exceeding $1.2 million from a major Midwestern county government for a security upgrade project. The order will involve high-performance cameras, recording servers, and Valerus video management software licenses, contributing to Vicon’s fiscal 2025 results. These developments highlight Cemtrex’s strategic expansion efforts and growing influence in the security and technology sectors.
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