01—Abstract
Summary
Summary of the 8-K filed March 17, 2022. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from II-VI Incorporated (now Coherent Corp., but reporting under its former name for this filing) is primarily informational, announcing the declaration of a quarterly dividend for its Series A Mandatory Convertible Preferred Stock.
Investors holding these specific preferred shares should note the dividend amount, payment date, and record date. While not a strategic or financial performance update, dividend payments are a direct return of capital to shareholders and are therefore relevant for income-focused investors in this particular security.
02—Key points
Key Highlights
- II-VI Incorporated declared a quarterly dividend on its 6.00% Series A Mandatory Convertible Preferred Stock.
- The dividend amount is $3.00 per share.
- The dividend will be paid in cash.
- The payment date for the dividend is April 1, 2022.
- The record date for shareholders entitled to the dividend is March 15, 2022.
03—Questions
Frequently Asked Questions
Who is this dividend payment for?
This dividend is specifically for holders of II-VI Incorporated's 6.00% Series A Mandatory Convertible Preferred Stock (ticker: IIVIP).
What is the amount of the dividend?
The declared quarterly dividend is $3.00 per share.
When will the dividend be paid, and who is eligible?
The dividend will be paid in cash on April 1, 2022, to shareholders of record as of the close of business on March 15, 2022.
Does this filing indicate any change in the company's financial performance or strategy?
No, this filing is purely informational regarding a declared dividend for a specific class of preferred stock. It does not provide updates on overall financial performance or strategic direction.
04—Continue