8-KOther EventsExhibits & Filings

Cencora, Inc. 8-K Report, Corporate Update (May 19, 2009)

Filed May 19, 2009For Securities:COR

Summary

Cencora, Inc. (formerly AmerisourceBergen Corporation) announced significant capital allocation initiatives through a Form 8-K filing on May 19, 2009. The company's Board of Directors approved a two-for-one stock split, effective as a stock dividend, and a 20% increase in its quarterly dividend. These actions signal confidence in the company's financial health and commitment to returning value to shareholders. The stock split, which will distribute one additional share for each share owned on May 29, 2009, aims to make the stock more accessible to a wider range of investors. Concurrently, the quarterly dividend will rise to $0.06 per share on a post-split basis, starting in the third fiscal quarter of 2009. The company also reaffirmed its fiscal year 2009 diluted earnings per share guidance, indicating a stable outlook for profitability.

Key Highlights

  • 1Two-for-one stock split approved by the Board of Directors.
  • 2Stock split to be implemented as a stock dividend, distributing one additional share for each share held.
  • 3Record date for the stock split is May 29, 2009, with distribution on June 15, 2009.
  • 4Quarterly dividend to increase by 20% to $0.06 per post-split share.
  • 5Dividend increase effective beginning the third fiscal quarter of 2009.
  • 6Reaffirmed fiscal year 2009 diluted EPS guidance of $3.18 to $3.30 (or $1.59 to $1.65 post-split).
  • 7News release detailing these announcements is furnished as Exhibit 99.1.

Frequently Asked Questions

For every share of Cencora (formerly AmerisourceBergen) common stock you own, you will receive one additional share as a stock dividend. This effectively doubles the number of shares you hold, while the total value of your investment is expected to remain the same immediately after the split, adjusted on a per-share basis.

The record date for determining who receives the stock dividend is May 29, 2009. The new shares will be distributed on June 15, 2009. The increased quarterly dividend of $0.06 per post-split share will begin with the dividend paid in the third fiscal quarter of 2009.

The company reaffirmed its fiscal year 2009 diluted EPS guidance. On a post-split basis, this guidance is now $1.59 to $1.65 per share, reflecting the doubling of shares outstanding. The pre-split guidance remains $3.18 to $3.30.

The 20% increase in the quarterly dividend demonstrates the company's confidence in its ongoing profitability and its commitment to returning capital to shareholders. It signals a positive outlook for future cash flows and earnings.