Spirit MTA REIT Announces Quarterly Cash Dividend and Special Dividend for Common Stock and Authorization of $50 Million Stock Repurchase Program
SPIRIT MTA REIT (SMTA)
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)-- Spirit MTA REIT (NYSE:SMTA) (“SMTA” or the “Company”) announced today that its Board of Trustees (“Board”) has declared a quarterly cash dividend of $0.33 per common share for the fourth quarter of 2018. In addition, the Board declared a special cash dividend of $1.00 per common share. Both dividends will be paid on January 15, 2019, to stockholders of record as of December 31, 2018. Pro forma for these dividend payments, SMTA’s liquidity position remains strong with approximately $105 million of unrestricted cash, approximately $13 million in the Master Trust 2014 Release Account and over $30 million of availability under the Master Trust 2014 variable funding note facility. The Board has also authorized a stock repurchase program, under which the Company may repurchase up to $50.0 million of its outstanding common stock. “Given the recent execution of the $165 million
Show less
Read more
Impact Snapshot
Event Time:
SMTA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMTA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMTA alerts
High impacting SPIRIT MTA REIT news events
Weekly update
A roundup of the hottest topics