Cemtrex Inc (CETX)

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CETX - and the Dow Jones Newswire makes a blatantly false statement on the common stock cash dividend, claiming it is $1.00/share, instead of the actual $0.02/share



"Shares of industrial company Cemtrex Inc. (CETX) jumped 5.6% in premarket trade Wednesday, after the company said it's paying its first ever cash dividend of $1 a share. The Farmingdale, New York -based company said it made the decision to broaden its investor base and tap those mutual funds that only invest in dividend-paying stocks. The payout of $1 a share will be made today to shareholders of record as of March 31 . "We have sufficient cash flow and confidence in the future to give us comfort that we can afford to fund both a dividend and our ongoing acquisition program," Chief Executive Saagar Govil said in a statement. Cemtrex shares have fallen 56% in 2017, while the S&P 500 has gained 4.6%.
- Ciara Linnane ; 415-439-6400; [e-mail]
(END) Dow Jones Newswires"

CETX continues to behave like a scammy company

Issues a press release regarding the payment of its first every common stock cash dividend, but fails to mention the amount of the dividend. Instead it mentions a $1.00 cash dividend on its preferred stock

not surprised

oh, by the way, the common stock cash dividend is only $0.02/share




http://ih.advfn.com/p.php?pid=nmona&article=74369115&symbol=CETX