8-KEarnings & ResultsOther EventsExhibits & Filings

CHURCH & DWIGHT CO INC /DE/ 8-K Report, Financial Results (Aug 4, 2016)

Filed August 4, 2016For Securities:CHD

Summary

Church & Dwight Co., Inc. (CHD) filed an 8-K on August 4, 2016, detailing key financial updates and a significant corporate action. The report announces the company's financial results for the quarter ended June 30, 2016, as provided in an accompanying press release. While the specific financial figures from the press release are not detailed within the 8-K's text itself, investors are directed to this exhibit for performance metrics. The most impactful news for shareholders is the board's approval of a two-for-one stock split, effective as a stock dividend on September 1, 2016. This action will double the number of outstanding shares, potentially making the stock more accessible to a wider range of investors. Alongside the stock split, the company also declared a regular quarterly dividend of $0.355 per share, payable on the same date and to the same record holders, maintaining its commitment to returning capital to shareholders.

Key Highlights

  • 1Company announced financial results for the quarter ended June 30, 2016, via press release (Exhibit 99.1).
  • 2Board of Directors approved a two-for-one stock split of common stock.
  • 3The stock split will be implemented as a stock dividend on September 1, 2016.
  • 4Record date for the stock split is August 15, 2016.
  • 5The stock split will increase total shares outstanding from approximately 129 million to 258 million.
  • 6A regular quarterly dividend of $0.355 per share was declared, payable September 1, 2016.
  • 7The quarterly dividend is declared on a pre-split basis.

Frequently Asked Questions

A two-for-one stock split, implemented as a stock dividend, effectively doubles the number of shares an investor holds. While it does not change the total value of an investor's holding at the time of the split, it can make the stock price per share lower, potentially increasing liquidity and making it more accessible to a broader investor base.

The stock split will be effective as a stock dividend payable on September 1, 2016. The quarterly cash dividend of $0.355 per share is also payable on September 1, 2016. The record date for both actions is August 15, 2016. The NYSE is expected to report adjusted share prices and outstanding shares starting September 2, 2016.

For every share you own as of the August 15, 2016 record date, you will receive one additional share, effectively doubling your share count. The quarterly dividend of $0.355 per share is declared on a pre-split basis, meaning you will receive this amount for each share held *before* the split is accounted for in the per-share dividend payout, resulting in double the cash dividend based on your new, post-split share count.

The 8-K filing states that the company issued a press release on August 4, 2016, containing its financial results for the quarter ended June 30, 2016. This press release is furnished as Exhibit 99.1 to the 8-K filing and should be consulted for detailed financial performance data.