SALEM,
Ore., Nov. 9, 2023 /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 29,
2023, to shareholders of record of the Preferred Stock at
the close of business on December 7,
2023. 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
