Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2476

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 2476
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 in 2012, our board of directors declared a dividend of $0.20 per quarter, which was paid regularly through the first quarter of 2019.  Each time a cash dividend was declared by our board of directors, a pro rata distribution was made to the other members of the Operating LLC upon payment of dividends to our stockholders. 

On July 29, 2021, our board of directors reinstated our quarterly dividend declaring a cash dividend of $0.25 per share.  We have paid a quarterly cash dividend of $0.25 regularly since that date.  In addition to our routine quarterly distribution, on March 8, 2022, our board of directors declared a special cash dividend of $0.75 per share.  On March 10, 2025, our board of directors declared a quarterly dividend of $0.25 per share payable on April 9, 2024 to shareholders of record on March 26, 2024.

Repurchases of Common Stock

The Company did not repurchase any shares of Common Stock in 2022, 2023, or 2024.  

Issuances of Common Stock

On October 5, 2023, we entered into an equity distribution agreement (the “2023 Equity Agreement”) relating to the ATM Program, pursuant to which we are permitted to sell an aggregate of up to $4,712 in Shares, which represented one-third of the value of the Common Stock held by non-affiliates. As of December 31, 2024, 13,500 shares had been sold under the 2023 Equity Agreement for total proceeds of $154.

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During the years ended December 31, 2024, 2023, and 2022, we had the following other significant financing transactions.  This excludes non-cash transactions.  See notes 19 and 20 in our consolidated financial statements included in this Annual Report on Form 10-K.

      During 2024: 

     o
     We repaid our redeemable financial instrument in the amount of $2,573. The remainder was converted to the 2024 Note.

     o
     We paid dividends of $1,873 and distributions to the convertible non-controlling interest of $4,819

     o
     We paid distributions of $6,758 to the non-convertible non-controlling interest.

      During 2023: