SALEM,
Ore., Nov. 7, 2024 /PRNewswire/ -- Willamette
Valley Vineyards, Inc. (NASDAQ:WVVI), a leading Oregon producer of Pinot Noir, declared a cash
dividend of $0.22 per share on its
Series A Redeemable Preferred stock (NASDAQ:WVVIP) (the "Preferred
Stock"), payable on December 31,
2024, to shareholders of record of the Preferred Stock at
the close of business on December 6,
2024. Future dividends on the Preferred Stock will be
subject to approval by the Willamette Valley Vineyards
Inc. board of directors, and the amount of all dividends
declared will be based on the terms of the Amended and Restated
Certificate of Designation of the Preferences, Limitations, and
Relative Rights of the Series A Redeemable Preferred Stock of
Willamette Valley Vineyards, Inc.
Willamette Valley Vineyards, Inc. is headquartered at its Estate
Vineyard near Salem, Oregon.
The Company's common stock is traded on NASDAQ (WVVI). For
more information, visit Willamette Valley Vineyard's website at:
wvv.com
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, and are identified by such words and
phrases as "expects," "thinks," "believes," "anticipates" and words
of similar import. Such forward-looking statements are subject to
risks and uncertainties and actual results could differ materially
from those projected. Such risks and uncertainties include, but are
not limited to: availability of financing for growth, availability
of adequate supply of high quality grapes, successful performance
of internal operations, impact of competition, changes in wine
broker or distributor relations or performance, impact of possible
adverse weather conditions, impact of reduction in grape quality or
supply due to disease or smoke from forest fires, changes in
consumer spending, the reduction in consumer demand for premium
wines, and the impact of the COVID-19 pandemic and the policies of
United States federal, state and
local governments in response to such pandemic. In addition, such
statements could be affected by general industry and market
conditions and growth rates, and general domestic economic
conditions.
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SOURCE Willamette Valley Vineyards