# NeurAxis Declares Series B Preferred Stock Dividend Payable in Common Shares

- URL: https://stocks.freetheai.org/news/neuraxis-declares-series-b-preferred-stock-dividend-payable-in-common-shares-0e69ad
- Published: 2026-10-14T21:03:00Z
- Category: dividends; sentiment: neutral; impact: low
- Symbols: [AMEX:NRXS](https://stocks.freetheai.org/symbols/AMEX-NRXS)
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NeurAxis, Inc. (NRXS) has declared a dividend on its Series B Preferred stock for the third quarter of 2026, electing to issue common shares to shareholders instead of making a cash payout.

Under the terms approved by the board of directors, accrued dividends from July 1, 2026, through the record date will convert into common stock at a rate of $2.38 per share. The company expects to issue approximately 81,339 common shares in connection with the distribution. Holders will not receive fractional shares; instead, fractional entitlements will be settled in cash based on the $2.38 conversion price.

The stock dividend is scheduled for payment on October 30, 2026, to preferred shareholders of record as of October 26, 2026. Shares of NeurAxis, Inc. last traded at $6.53, up 0.46% for the day.

## Key points

- NeurAxis, Inc. will pay its Q3 2026 Series B Preferred stock dividend using common stock rather than cash.
- Accrued dividends will convert to common shares at a rate of $2.38 per share, yielding about 81,339 shares.
- Fractional shares will not be issued and will instead be paid out in cash at $2.38 per fractional share.
- The dividend will be paid on October 30, 2026, to shareholders of record as of October 26, 2026.

## Questions and answers

### How will NeurAxis pay its Q3 2026 Series B preferred dividend?

NeurAxis will distribute the dividend in common stock instead of cash, converting accrued dividends at $2.38 per share into roughly 81,339 common shares.

### When is the record date and payment date for the NeurAxis preferred dividend?

The dividend is set to be paid on October 30, 2026, to holders of record as of October 26, 2026.

### What happens to fractional shares in the NeurAxis stock dividend?

No fractional shares will be issued. Fractional entitlements will be paid in cash at $2.38 per fractional share.