Crypto exchange Global Tech Industries declares Shiba Inu-linked dividend

Cryptocurrency exchange Global Tech Industries (OTCQB:GTII) on Monday has declared a special dividend payable in Shiba Inu (SHIB-USD) tokens to holders of the company's common stock. Shareholders will receive four Shiba Inu (SHIB-USD) coins for every one common share owned as of the dividend record date, May 12, the company said. The company has submitted the initial application for the dividend with FINRA. And the effective date of that dividend is expected to be announced during May. Global Tech Industries is joining a slew of crypto-based firms focused on implementing crypto dividends, such as BOTS (OTCPK:BTZI) and BTCS (BTCS). Meanwhile, shiba inu (SHIB-USD -2.9%) tokens are changing hands at $0.00002, while Global Tech (OTCQB:GTII -13.5%) shares drift down to $1.28. At the end of March, Global Tech Industries had agreed to sell its Beyond Blockchain business.