#USA #dividends #Lancaster #Corporate Leadership #Burnham Holdings

Recent Developments at Burnham Holdings, Inc.

Burnham Holdings, Inc. (OTC-Pink: BURCA), known as BHI, recently made several significant announcements regarding its financials and corporate governance that are expected to impact shareholders positively. On December 12, 2024, BHI’s Board of Directors declared a quarterly common stock dividend of $0.23 per share and a semi-annual preferred stock dividend of $1.50 per share, both set to be paid out on December 30, 2024, with a record date of December 19, 2024.

The declaration of these dividends reflects the company’s ongoing commitment to delivering value to its shareholders despite the challenges faced by the industry. The common stock dividend represents a consistent payout to shareholders, while the preferred stock dividend offers an attractive yield for investors looking for fixed-income returns. The choice to maintain dividends during uncertain market conditions highlights Burnham Holdings’ strong financial position and positive outlook.

Upcoming Annual Meeting

In addition to the dividend announcements, Burnham Holdings has scheduled its Annual Meeting to occur virtually via a secure website meeting platform on April 28, 2025, starting at 11:30 AM Eastern Time. This meeting will provide shareholders with the opportunity to engage with company leadership, ask questions, and receive updates on strategic initiatives. Holding this meeting online underscores the company’s commitment to accessibility and shareholder engagement in today's digital environment.

Leadership Transition

The company also disclosed that William F. Dodge, II would retire immediately from the Board of Directors after serving since 1999. His tenure marks one of the longest in Burnham Holdings' history, making his departure a significant change for the board’s dynamic. The company expressed gratitude for Mr. Dodge's steadfast commitment and valuable contributions over the years, recognizing the impact of his insights and leadership during his time at the helm. As the company prepares for this transition, it remains focused on finding new members who can continue to drive strategic growth and stability.

About Burnham Holdings, Inc.

Burnham Holdings, Inc. is the parent company of multiple subsidiary manufacturers leading in the production of HVAC products, including boilers and furnaces for various applications across residential, commercial, and industrial sectors. The company is listed on the OTC Exchange under the ticker symbol "BURCA". For further information about Burnham Holdings and its suite of products, investors and interested parties are encouraged to visit www.burnhamholdings.com.

In conclusion, the recent announcements from Burnham Holdings, Inc. signal a strategic approach toward maintaining shareholder value through consistent dividends while navigating a leadership transition at the board level. As the company looks forward to its upcoming annual meeting, it remains committed to transparency and ongoing engagement with its investors.