SAN FRANCISCO--(BUSINESS WIRE)--Fantex, Inc. announced it has paid a dividend of $0.20 per share for its Fantex Series Mohamed Sanu Convertible Tracking Stock (OTC: SANUL). This is the first dividend payment to stockholders of Fantex Mohamed Sanu.
“Our business is acquiring future cash flows from athletes and working with these athletes to develop their audiences to help increase their future earning opportunities,” said Buck French, Co-Founder & CEO of Fantex, Inc. “We’re pleased to make our first distribution of dividends to Fantex Mohamed Sanu stockholders, less than a year after the security’s IPO.”
The dividend payment today precedes the opening day of training camp for the 2015 NFL season for the Cincinnati Bengals.
Fantex Mohamed Sanu is the second Fantex, Inc. security to return a dividend to its stockholders. Previously, Fantex, Inc. has paid dividends totaling $1.50 per share to stockholders of Fantex Vernon Davis (OTC: VNDSL).
About Fantex, Inc.
Fantex, Inc., is a brand building company that purchases a minority interest in earnings from an athlete’s brand and works with athletes to increase the value of their brand. In order to fund the purchase, Fantex, Inc. develops a tracking stock that is linked to the economic performance of the brand.
