Monogram Technologies Announces Preferred Stock Dividends

Monogram Technologies Inc. (NASDAQ:MGRM), an AI-driven robotics company focused on orthopedic surgery, has declared a dividend of $0.0255 per share for its 8.00% Series D Convertible Cumulative Preferred Stock. This announcement was made on October 1, 2024. The dividend will be payable to holders of record as of October 1, 2024, and will be issued on October 15, 2024. The company will pay the dividend in kind, based on the closing price of its common stock on September 30, 2024. Dividends for the Series D Preferred Stock will be paid quarterly in arrears.

The payments will be made on or about the 15th of January, April, July, and October, starting from October 15, 2024. This move aligns with Monogram Technologies' broader mission to enhance human health through AI and robotics, particularly in the field of orthopedic surgery.