Overstock Announces Annual Cash Dividend for Series A-1 and Series B Preferred Stock
11 November 2020 - 12:30AM
The Board of Directors of Overstock.com, Inc. (NASDAQ:OSTK) has
declared a regular annual cash dividend for 2020 of $0.16 per share
on the company’s Series A-1 and Series B Preferred Stock. The
dividend will be payable on December 16, 2020 to shareholders of
record as of the close of business on November 30, 2020.
“This is the fourth consecutive year in which we have paid a
cash dividend to our preferred shareholders,” said Overstock CEO
Jonathan Johnson. “This is the largest amount of cash we have ever
paid out in a dividend, and it illustrates the value of our
preferred shares. The cash dividend underscores our desire to
provide real value to shareholders and the strength of our balance
sheet.”
The ex-dividend date for the Series A-1 and Series B Preferred
Stock is expected to be November 27, 2020, and may be confirmed on
the OTCQZ website operated by OTC Markets once posted.
About OverstockOverstock.com, Inc. Common
Stock (NASDAQ:OSTK) / Series A-1 Preferred Stock (tZERO ATS:OSTKO)
/ Series B Preferred Stock (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 home products
at low prices, including furniture, décor, rugs, bedding, home
improvement, and more. The online shopping site, which is visited
by tens of millions of 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 dedicated
to the development and acceleration of 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, and Worldstock are registered
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.
Cautionary Note Regarding Forward-Looking
StatementsThis 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, including but not limited
to statements regarding the dividend and ex-dividend date.
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 Annual Report on
Form 10-K for the fiscal year ended December 31, 2019, which was
filed with the SEC on March 13, 2020, in our Form 10-Q for the
quarter ended March 31, 2020, which was filed with the SEC on May
7, 2020, in our Form 10-Q for the quarter ended June 30, 2020,
which was filed with the SEC on August 6, 2020, in our Form 10-Q
for the quarter ended September 30, 2020, which was filed with the
SEC on November 5, 2020, and in our subsequent filings with the
SEC.
ContactsInvestor Relations:Alexis
Callahan801-947-5126ir@overstock.com |
Media:Megan Herrick801-947-3564pr@overstock.com |
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