Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 60

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 60
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4.
    
   Cash Dividends 
    
   On each of  March 10, 2025 and  May 1, 2025, the Company's board of directors declared a quarterly cash dividend of $0.25 per share on its Common Stock.  The dividends were paid on  April 9, 2025 and  June 2, 2025, respectively, to stockholders of record on  March 26, 2025 and  May 16, 2025, respectively.  Pro rata distributions were made to the other members of the Operating LLC upon payment of dividends to the Company's stockholders.
    
   During the six months ended  June 30, 2025, Cohen & Company Inc. received and surrendered units of the Operating LLC. The following table displays the number of units received (net of surrenders) by Cohen & Company Inc.

       Six Months Ended  
   June 30, 2025  
 Issuance as equity-based compensation   1,055,940 
 Total   1,055,940 

   The Company recognized a net increase in additional paid in capital of $512 and a net decrease in AOCI of $13 with an offsetting decrease in non-controlling interest of $499 in connection with the acquisition and surrender of additional units of the Operating LLC during the six months ended  June 30, 2025. The following schedule presents the effects of changes in Cohen & Company Inc.’s ownership interest in the Operating LLC on the equity attributable to Cohen & Company Inc. for the six months ended  June 30, 2025 and 2024.
    
   ﻿ 
   
      Six Months Ended June 30, 
   2025    2024  
 Net income / (loss) attributable to Cohen & Company Inc.  $1,737  $(326)
 Transfers (to) from the non-controlling interest:         
 Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net   512   645 
 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest  $2,249  $319 

   ﻿ 

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   Equity Distribution Agreement