01—Abstract
Summary
Summary of the 8-K filed February 24, 2023. Cited figures are marked; the original filing is the authoritative source.
Coherent Corp. (COHR) announced on February 23, 2023, that its Board of Directors has declared a quarterly dividend of $3.00a per share for its 6.00% Series A Mandatory Convertible Preferred Stock.
This dividend is payable in cash on April 3, 2023, to shareholders of record as of March 15, 2023. This action directly impacts holders of the Series A Mandatory Convertible Preferred Stock, providing them with a scheduled cash distribution.
02—Key points
Key Highlights
- Declaration of a quarterly dividend for Series A Mandatory Convertible Preferred Stock.
- Dividend amount set at $3.00 per share.
- The dividend is payable in cash.
- Payment date for the dividend is April 3, 2023.
- Record date for dividend eligibility is March 15, 2023.
- This event pertains specifically to the 6.00% Series A Mandatory Convertible Preferred Stock (NYSE: IIVI).
03—Questions
Frequently Asked Questions
Which specific security is this dividend related to?
This dividend is related to Coherent Corp.'s 6.00% Series A Mandatory Convertible Preferred Stock, trading under the ticker symbol IIVI on the NYSE.
How much is the quarterly dividend per share?
The quarterly dividend is $3.00 per share.
When will the dividend be paid?
The dividend will be paid in cash on April 3, 2023.
Who is eligible to receive this dividend payment?
Shareholders of record as of the close of business on March 15, 2023, are eligible to receive this dividend payment.
04—Continue