EU and US could reach trade deal this weekend - Reuters
Mobile Infrastructure Corp (NASDAQ:BEEP), a company with a market capitalization of approximately $156 million, announced that its board of directors has authorized and declared the payment of monthly dividends for holders of its Series A Preferred Stock and Series 1 Preferred Stock. While the company maintains these preferred stock dividends, InvestingPro data shows it currently does not pay dividends to common shareholders. According to a statement released in a recent SEC filing, the dividends will be paid on or about August 12, 2025.
The dividend for Series A Preferred Stock is set at $4.791 per share, while the dividend for Series 1 Preferred Stock is set at $4.583 per share. The July dividend will be payable to holders of record as of the close of business on July 28, 2025, for Series A Preferred Stock, and July 24, 2025, for Series 1 Preferred Stock. According to InvestingPro analysis, the company maintains these payments despite facing some financial challenges, with current assets covering only 46% of short-term obligations.
The company noted that the declaration and payment of future dividends will remain at the discretion of the board of directors and will depend on Mobile Infrastructure Corp’s financial condition, applicable laws, and other factors deemed relevant by the board.
Mobile Infrastructure Corp is incorporated in Maryland and is headquartered in Cincinnati, Ohio. The information in this article is based on a press release statement included in the company’s SEC filing.
In other recent news, Mobile Infrastructure Corporation reported a 6.7% decline in revenue for the first quarter of 2025, with revenue totaling $8.2 million. This decrease was attributed to seasonal factors, weather disruptions, and renovation activities at the Cincinnati convention center. Despite these challenges, the company remains focused on strategic initiatives to improve its financial performance. Mobile Infrastructure has set a revenue guidance for 2025 between $37 million and $40 million, with an expected net operating income growth of 7% year-over-year. In leadership changes, Stephanie Hogue will become the new CEO effective August 1, 2025, as part of a broader portfolio optimization plan. The company also announced its transition from the NYSE American to the Nasdaq Stock Market, aiming to enhance visibility and liquidity. Manuel Chavez III, the current CEO, emphasized the company’s strategic direction, which involves leveraging mobility data and diversifying asset use.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.