Overstock Announces Annual Cash Dividend for Series A-1 and Series B Preferred Stock
16 November 2021 - 12:00AM
The Board of Directors of Overstock.com, Inc. (NASDAQ:OSTK) has
declared a regular annual cash dividend for 2021 of $0.16 per share
to shareholders of Series A-1 Preferred Stock (tZERO ATS:OSTKO) and
Series B Preferred Stock (OTCQX:OSTBP). The dividend will be
payable on December 16, 2021 to shareholders of record as of the
close of business on November 30, 2021.
“We are now in our fifth consecutive year of paying a cash
dividend to our preferred shareholders,” said Jonathan Johnson, CEO
of Overstock. “Our focus on sustainable, profitable market share
growth continues to help Overstock grow with a united purpose. This
dividend payment highlights both the value of our preferred shares
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 29, 2021 and may be confirmed on
the OTCQZ website operated by OTC Markets once posted.
About Overstock
Overstock.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, area rugs, bedding and bath, 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. In 2014,
Overstock became the first major retailer to accept cryptocurrency
as a form of payment and continues to do so. 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
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 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
year ended December 31, 2020, which was filed with the SEC on
February 26, 2021, in our Form 10-Q for the quarter ended March 31,
2021, which was filed with the SEC on May 6, 2021, in our Form 10-Q
for the quarter ended June 30, 2021, which was filed with the SEC
on August 5, 2021, in our Form 10-Q for the quarter ended September
30, 2021, which was filed with the SEC on October 28, 2021, and in
our subsequent filing with the SEC.
ContactsInvestor Relations:ir@overstock.com |
Media Relations:pr@overstock.com |
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