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Mobile Infrastructure Corporation (NYSE American:BEEP), a real estate company with a market capitalization of $176 million and impressive gross profit margins of 61%, declared on Monday that it will pay monthly dividends for its Series A and Series 1 Preferred Stock on May 12, 2025. The announcement made by the company’s board of directors specifies dividends of $4.791 per share for Series A Preferred Stock and $4.583 per share for Series 1 Preferred Stock.
Holders of record for Series A Preferred Stock as of April 27, 2025, and for Series 1 Preferred Stock as of April 24, 2025, will be eligible for the dividends, dubbed the "April Dividend". The company has communicated that the decision to declare and pay dividends in the future will be at the board’s discretion. According to InvestingPro data, while the company shows strong revenue growth of 22.25%, its short-term obligations exceed liquid assets with a current ratio of 0.54, which could impact future dividend decisions. Factors such as the company’s financial health, legal requirements, and other relevant considerations will influence these decisions.
The company’s recent move to distribute preferred stock dividends reflects its current financial strategy, though InvestingPro analysis reveals the company does not currently pay dividends to common shareholders. This decision comes despite challenges, as InvestingPro data shows the company is not currently profitable. For comprehensive analysis including 8 additional key insights and detailed financial metrics, investors can access the full Pro Research Report on InvestingPro.
It is important for investors to note that while this dividend payment is scheduled for May, any future dividends will depend on the board’s assessment and cannot be presumed as guaranteed or recurring. The company’s ability to continue these payments will be contingent on its performance and other critical factors that the board will evaluate.
This financial activity is reported based on information from a press release statement filed with the Securities and Exchange Commission.
In other recent news, Mobile Infrastructure Corp reported a 16% increase in revenue for the fourth quarter of 2024, reaching $9.2 million, and a full-year revenue growth of 22.3% to $37 million. The company has provided revenue guidance for 2025, projecting between $37 million and $40 million, with expectations of a 7% year-on-year growth in Net Operating Income. Mobile Infrastructure Corp announced the declaration of monthly dividends for its preferred stock, with Series A Preferred Stock holders receiving $4.791 per share and Series 1 Preferred Stock holders receiving $4.583 per share in April 2025. The dividends are part of the company’s regular financial disclosures and are subject to the board’s discretion based on financial health and other factors. Analysts have initiated coverage with buy ratings, reflecting confidence in the company’s strategic direction. The company continues to focus on strategic initiatives, including the sale of 36 non-core assets through 2027, with estimated proceeds exceeding $100 million. These developments highlight Mobile Infrastructure Corp’s ongoing efforts to optimize its portfolio and enhance shareholder value.
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