cbdMD, Inc., a seller of consumer cannabidiol (CBD) products, announced on Tuesday a monthly cash dividend of just over 6 cents per share to holders of its 8 percent Series A Cumulative Convertible Preferred Stock.

The dividend is payable Oct. 15 to stockholders of record as of Oct. 1.

cbdMD, Inc. closed Friday’s trading session up 8 cents at $2.29 per share.