TechFlow News, June 14: According to a PR Newswire announcement, BitMine’s Class A perpetual preferred shares (Ticker: BMNP) have received approval for listing on the New York Stock Exchange (NYSE) and are expected to begin trading officially on June 16.
Per disclosed information, BMNP carries an annualized dividend yield of 9.50%. The company plans to distribute its first cash dividend—$0.316667 per share—on June 22 to shareholders of record as of the market close on June 12.
Additionally, the company has announced its subsequent dividend schedule: a weekly dividend of $0.105556 per share is expected to be paid on June 26 to shareholders of record as of the market close on June 16.
As an increasing number of cryptocurrency- and digital-asset-related enterprises enter traditional capital markets, preferred shares offering fixed-income characteristics are drawing attention from certain investors. Following BMNP’s NYSE listing, its trading performance and market acceptance will also become focal points for the industry.
