Safe and Green Development Corporation Announces Ex-Dividend Date and Stock Dividend Details

Overview of Safe and Green Development Corporation's Recent Updates

Safe and Green Development Corporation (SG Devco), trading under NASDAQ: SGD, has made important announcements regarding its stock dividend. On March 5, 2025, the company confirmed a stock dividend from its treasury shares: for every twenty shares held, shareholders will receive an additional share. In more precise terms, this translates to a distribution of 0.05 shares of common stock per outstanding share. The detailed schedule for this dividend has been released, with specific dates outlined for both record and distribution processes.

Important Dates

The record date for the stock dividend is set for April 7, 2025. This means all shareholders of record on this date will be eligible for the dividend. Following this, distribution will occur after the market closes on April 22, 2025. Trading on a stock dividend-adjusted basis will kick off at market open on the 7th of April, poised to influence how shares are traded moving forward.

In prior disclosures, SG Devco mistakenly indicated that trading based on the adjusted dividend was expected to start a day later, on April 23, 2025. This correction provides clarity to investors regarding the correct timeline, allowing them to make informed decisions about their holdings.

About SG Devco

Founded in 2021, Safe and Green Development Corporation stands as a prominent figure in the real estate sector. The company specializes in direct acquisitions and indirect investments in properties across the nation, focusing primarily on developing green residential projects, either single-family or multi-family. SG Devco has not only made strides in real estate but also ventured into the tech space through its subsidiary, Majestic World Holdings LLC, which has introduced an AI-based real estate platform. This innovative tool is designed to strategically enhance profit margins for homes sold, as it facilitates mortgage services and down payment assistance, catering to both individuals and businesses.

Additionally, another subsidiary, MyVONIA Innovations LLC, has developed MyVONIA, an AI-powered personal assistant aimed at improving overall productivity by simplifying daily tasks. Together, these subsidiaries align with SG Devco's mission to integrate technology and sustainability in real estate development, reflecting its commitment to not only profitability but also eco-friendliness and efficiency.

Forward-Looking Statements

In line with typical corporate communications, SG Devco has included a safe harbor statement in its announcement. Such disclaimers are necessary as they highlight that certain statements made, particularly regarding future performance and company strategies, are regarded as forward-looking and subject to change based on various factors including market conditions and operational efficiency. Investors are encouraged to consider these elements critically and refer to the company's filings for more comprehensive details.

Conclusion

SG Devco's updates on the ex-dividend date and stock dividend details illustrate the company’s commitment to enhancing shareholder value. The upcoming dividend distribution signifies a positive move for current investors, and the focus on innovation through technology integration underscores SG Devco's potential for future growth in the sustainable real estate sector. As the company prepares for this next step, it remains vigilant in navigating both market challenges and opportunities.

For investor relations or further inquiries, please reach out to Barwicki Investor Relations at the provided contact information. This proactive communication ensures transparency and keeps shareholders informed about crucial developments within the company.