SOUTH DAKOTA SOYBEAN PROCESSORS LLC 8-K
Research Summary
AI-generated summary
South Dakota Soybean Processors LLC Declares $0.28/unit Cash Distribution
What Happened
South Dakota Soybean Processors, LLC (SDSYA) announced that its Board of Managers approved and declared a cash distribution of $0.28 per outstanding capital unit. The action was taken on February 10, 2026, reported on an 8-K filed February 11, 2026, and the distribution is expected to be paid and issued to members on February 12, 2026. The filing is signed by Mark Hyde, Chief Financial Officer.
Key Details
- Cash distribution: $0.28 per outstanding capital unit.
- Total amount: approximately $8.5 million.
- Board approval date: February 10, 2026; expected payment/issuance date: February 12, 2026.
- Reported on Form 8-K filed February 11, 2026; signed by CFO Mark Hyde.
Why It Matters
This distribution returns cash directly to members and is a material event affecting unit holders’ near-term cash receipts. Retail investors holding units should expect the payment on or about February 12, 2026, and may want to confirm receipt with their broker or account. The 8-K does not disclose the source of the distribution or any change to ongoing dividend policy; investors should review future filings or company communications for additional context.