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Retractable Technologies, Inc. (RVP) Declares Dividends to Series I and II Class B Preferred Stock Shareholders
7/12/2012 10:41:57 AM
LITTLE ELM, Texas--(BUSINESS WIRE)--Retractable Technologies, Inc. (NYSE MKT: RVP) announced today that its Board of Directors has declared dividends to holders of its Series I Class B and Series II Class B Convertible Preferred Stock in the amounts of $38,812.50 and $134,025.00, respectively. The dividend amount is $0.375 per share for Series I Class B shareholders and $0.75 per share for Series II Class B shareholders. Dividends have accrued at 10% per annum and cover amounts in arrears from September 30, 2011 through date of conversion or June 30, 2012, whichever is applicable. The dividends will be paid on July 31, 2012 to shareholders of record as of the close of business on July 21, 2012.
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