Overstock Announces Annual Cash Dividend for Series A-1 and Series B Preferred Stock
November 18 2019 - 9:00AM
The Board of Directors of Overstock.com, Inc. (NASDAQ:OSTK) has
declared a regular annual cash dividend for 2019
of $0.16 per share on the company’s Voting Series A-1
Preferred Stock and of $0.16 per share on its Voting
Series B Preferred Stock. Each dividend will be payable
on December 16, 2019 to shareholders of record at the
close of business on November 29, 2019.
“This marks the third year we have paid a cash dividend to our
preferred shareholders, and underscores the value of our preferred
shares,” said Overstock CEO Jonathan Johnson. “We have never missed
a dividend payment on our preferred shares. As previously
announced, we will be seeking shareholder approval to facilitate a
digital dividend of Series A-1 shares to holders of common,
Series A-1, and Series B shares. Series A-1 shares received
as part of the digital dividend would be eligible for any future
annual cash dividends that are paid on the Series A-1 shares.”
The ex-dividend date for the Series B Preferred dividend is
expected to be November 27, 2019. Holders and potential
investors in the Series B Preferred shares may confirm the
ex-dividend date for the Series B Preferred dividend on the OTCQX
website operated by OTC Markets when posted.
This cash dividend is in addition to the company’s previously
announced Series A-1 Preferred Digital Dividend.
About Overstock.comOverstock.com,
Inc Common Shares (NASDAQ:OSTK) / Digital Voting Series A-1
Preferred Stock (Medici Ventures’ tZERO platform:OSTKO) / Series B
Preferred (OTCQX:OSTBP) is an online retailer and technology
company based in Salt Lake City, Utah. Its leading e-commerce
website sells a broad range of new products at low prices,
including furniture, décor, rugs, bedding, home improvement, and
more. The online shopping site, which is visited by nearly 40
million customers a month, also features a marketplace providing
customers access to millions of products from third-party sellers.
Overstock was the first major retailer to accept cryptocurrency in
2014, and in the same year founded Medici Ventures, its
wholly-owned subsidiary developing and accelerating blockchain
technologies to democratize capital, eliminate middlemen, and
re-humanize commerce. Overstock regularly posts information about
the company and other related matters on
the Newsroom and Investor Relations pages on
its website, Overstock.com.O, Overstock.com, O.com, Club
O, Main Street Revolution, and Worldstock are registered
trademarks of Overstock.com, Inc. O.biz and
Space Shift are also trademarks of Overstock.com,
Inc. Other service marks, trademarks and trade names which may
be referred to herein are the property of their respective
owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
Company's Form 10-Q for the quarter ended September 30, 2019,
which was filed with the SEC on November 12, 2019,
and any subsequent filings with the SEC.
SOURCE: Overstock.com, Inc.
Media Contact:pr@overstock.com
Investor Contact:ir@overstock.com
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