Summary
COHERENT CORP. (COHR), formerly II-VI Incorporated, announced a quarterly dividend payment for its 6.00% Series A Mandatory Convertible Preferred Stock. The Board of Directors declared a dividend of $2.80 per share, which will be paid in cash on October 1, 2020, to shareholders of record as of September 15, 2020. This announcement provides clarity on the return of capital to preferred shareholders, a key consideration for investors holding this class of stock. While the filing primarily focuses on the dividend declaration, it's important to note the standard Regulation FD disclosure language. This clarifies that the information provided is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into future SEC filings, meaning it's informational rather than a formal update to the company's registered disclosures.
Key Highlights
- 1Declaration of a quarterly cash dividend of $2.80 per share for the 6.00% Series A Mandatory Convertible Preferred Stock.
- 2Dividend payment date set for October 1, 2020.
- 3Record date for dividend eligibility is September 15, 2020.
- 4The dividend is paid in cash.
- 5The announcement was made by the Company's Board of Directors.
- 6The filing includes a press release dated August 26, 2020, as Exhibit 99.1.
- 7Information furnished under Regulation FD is not deemed 'filed' for Section 18 purposes.