1845 Holdings LLC (OTCMKTS:EFSH) Announces Quarterly Dividend: Stock Falls Slightly
1845 Holdings LLC (OTCMKTS: EFSH) was down 5% after announcing that its board of directors had announced a quarterly dividend of$0.05 per share on its common shares for Q1 2022.
Market Stats
On Wednesday, EFSH stock fell 5.13% to $1.85 with more than 6.1K shares, compared to its average volume of 7.5K shares. The stock moved within a range of $1.7900 – 2.0000 after opening trading at $2.
1847 Holdings Declares Quarterly Dividend
The cash payment will be payable on April 15, 2022, to common shareholders that will be on record as of March 31, 2022. The company’s CEO, Ellery Roberts, said that they continue following through with their commitment to sharing their success with shareholders. Roberts added that they are witnessing a considerable performance at the holding company and subsidiary level, and this second consecutive cash dividend demonstrates the success of the company’s model in executing its strategy.
Roberts, who is a former Parallel Investment Partners partner, founded 1847 Holdings, whose investment thesis states that capital market inefficiencies have left shareholders and founders of small businesses or lower-mid market enterprises with minimal exit options despite their businesses’ intrinsic value. Therefore, in the coming weeks, investors should keep an eye on EFSH.
Key Quote
“We continue to follow through with our commitment to share our success with our shareholders,” commented Ellery W. Roberts, CEO of 1847 Holdings. “We are seeing great performance at both the subsidiary and holding company level, and our second consecutive quarterly cash dividend payment clearly demonstrates the success of our model and the execution of our strategy.”
Traders Corner
EFSH stock is trading above the 20-Day and 50-Day Moving averages of $1.77 and $1.78 respectively. However, the stock is trading below the 200-Day moving average of $1.97.
