India, July 2 -- Shares of Nutriband Inc. (NTRB) gained over 27% on Wednesday morning after the company announced that its Board of Directors has approved and declared a 25% preferred stock dividend.

NTRB is currently trading at $10.25, up $2.23 or 27.81%, on the Nasdaq. The stock opened its trading at $9.10 after closing Tuesday at $8.02. The stock has traded between $3.72 and $11.78 in the past 52-week period.

Shareholders of record on July 25th 2025 will receive one preferred share for every four shares of common stock held. The pay date for shareholders to receive their new issuance will be August 5th.

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Each preferred share will be convertible to one...