Air T Alpha Income Trust Preferred Securities Due 6/7/2049 About To Put More Money In Your Pocket

On 8/14/24, Air T Inc's 8.00% Alpha Income Trust Preferred Securities Due 6/7/2049 (AIRTP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 8/15/24. As a percentage of AIRTP's recent share price of $19.24, this dividend works out to approximately 2.60%, so look for shares of AIRTP to trade 2.60% lower — all else being equal — when AIRTP shares open for trading on 8/14/24..