Cowen Declares Quarterly Dividend On Its Series A Cumulative Perpetual Convertible Preferred Stock And Increases Common Stock...
October 27 2020 - 4:15PM
Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company) today announced
that its Board of Directors has declared a quarterly cash dividend
of $14.06 per share on the Company’s 5.625% Series A Cumulative
Perpetual Convertible Preferred Stock (the “Convertible Preferred
Stock”).
The quarterly dividend on the
Convertible Preferred Stock is payable on November 16, 2020, to
holders of record at the close of business on November 2, 2020.
Increased Buyback
The Cowen Board of Directors today
also announced that it has approved an increase in the Company’s
existing share repurchase program for its common stock. With this
increase, the total now available for repurchase under the current
plan is $25 million.
About Cowen Inc.
Cowen Inc. (“Cowen” or the “Company”) is a diversified
financial services firm offering investment banking services,
equity and credit research, sales and trading, prime brokerage,
global clearing, commission management services and actively
managed alternative investment products. Cowen focuses on
delivering value-added capabilities to our clients in order to help
them outperform. Founded in 1918, the Company is headquartered
in New York and has offices worldwide. Learn more
at Cowen.com
For further
information,
contact:
Cowen Inc.J.T. Farley, Investor Relations(646)
562-1056james.farley@cowen.com
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