Jul. 3 at 7:36 PM
$FAT "We have paused the payment of cash dividends on our Series B Cumulative Preferred Stock beginning with the monthly dividend period for May 2025, which dividends will accrue and cumulate on our Series B Cumulative Preferred Stock until paid at the customary rate of
$2.0625 per year, or
$2.50 per year if unpaid for 12 monthly periods..."
-- 10-Q, May 12, 2025
These preferred shares are cumulative, meaning that the company has to pay all missed dividends before they could theoretically pay common divs again. Of course, that would require the company becoming consistently profitable. And therein lies the rub, as they say.
Current
$FATBP price: ~2.79.
Accumulating divvies per year : ~2.50
Maybe time to swing for the fences? Better ask my wife on this one, lol.
