The stock of Esports Entertainment Group, Inc. (GMBL) slightly gained in the after-hours when the company announced their dividends for the preferred stock in a press release. The stock of Esports Entertainment Group, Inc. (GMBL) is valued at $3.68 gaining 0.5% from the previously closed value. At the end of the last trading session, the stock closed at $3.66. The volume of the stock traded in the last trading session was around 429.26K shares.
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Dividend on the Preferred stock
On 5th Jan 2022, Esports Entertainment Group, Inc. (GMBL) announced in a press release about its dividends for the upcoming 3 months. They said that their Board of Directors have decided that monthly cash dividend will be paid against the preferred stock of GMBL. The dividend is decided for the 10% of its Series A cumulative redeemable convertible preferred stock or Series A preferred stock. The dividend of $0.08 will be paid each month on the last date of every month i.e. January, February and March.
Esports Entertainment Group, Inc. (GMBL) is a full-stock esports company that is fueled by the growth of esports and video games for the new generation. Their mission is to create an ecosystem that will not only connect the entire world through esports but as well as connect the fans and gamers too. Esports Entertainment impacts the full spectrum of esports and gaming at all levels. Ranging from conventional sports partnerships with professional FIFA/NHL/NBA/NFL teams, community-focused tournaments in a broad spectrum of esports, and LAN cafes, The Company has offices in New Jersey, the UK, and Malta.
Effect on the stock
After this announcement of its dividends on the preferred shares, the stock of GMBL gained slightly in the after-hours. Investors are taking interest in its shares and when the regular trading session starts it might be considered that it could go up as well.
Conclusion
Esports Entertainment Group, Inc. (GMBL) is focused on its dividend policy and has announced dividends for the upcoming months. It will have some positive effects on the value of its stock. But its performance in the upcoming months will have a significant effect on the continuation of the same rate on the preferred stock.
