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BitMine Perpetual Preferred Stock BMNP Approved for NYSE Listing, with an Annualized Dividend Yield of 9.5%
Deep Tide TechFlow News, June 14th, according to PR Newswire, BitMine Class A Perpetual Preferred Stock (Ticker: BMNP) has received approval for listing on the New York Stock Exchange (NYSE), and is expected to officially begin trading on June 16th.
According to disclosed information, BMNP has an annual dividend yield of 9.50%. The company plans to pay the first cash dividend of $0.316667 per share, expected to be distributed on June 22nd, to shareholders registered as of the closing on June 12th.
In addition, the company announced subsequent dividend arrangements. Weekly dividends are expected to be $0.105556 per share, payable on June 26th to shareholders registered as of the closing on June 16th.
As more crypto and digital asset-related companies enter the traditional capital markets, preferred stock products with fixed income characteristics are attracting some investors' attention. After BMNP is listed on the NYSE, its trading performance and market acceptance will also become industry focal points.