II-VI Incorporated Declares a Quarterly Dividend on Series A Mandatory Convertible Preferred Stock

Rhea-AI Summary

II-VI Incorporated (Nasdaq: IIVI) has declared a quarterly dividend of $2.80 per share on its 6.00% Series A Mandatory Convertible Preferred Stock (Nasdaq: IIVIP). The dividend is set to be paid in cash on October 1, 2020, to shareholders of record as of September 15, 2020. This announcement underscores the company's ongoing commitment to returning value to its shareholders while operating as a leader in engineered materials and optoelectronic components across various industries.

Positive

• Quarterly dividend of $2.80 per share reflects strong shareholder return.
• Demonstrates company's ongoing commitment to shareholder value.

Negative

• None.

News Market Reaction – IIVI

-3.69%

-3.69% Session move

In the trading session that priced this news, IIVI declined 3.69%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PITTSBURGH, Aug. 26, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) today announced that its Board of Directors has declared a quarterly dividend of $2.80 per share on its 6.00% Series A Mandatory Convertible Preferred Stock (Nasdaq: IIVIP). The quarterly dividend will be payable in cash on October 1, 2020, to shareholders of record as of September 15, 2020.

About II-VI Incorporated

II-VI Incorporated (the “Company”), a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers.

CONTACT:	Mary Jane Raymond
	Treasurer and Chief Financial Officer
	investor.relations@ii-vi.com
	www.ii-vi.com/contact-us

FAQ

What is the dividend amount declared by II-VI?

The dividend amount declared by II-VI is $2.80 per share.

When will II-VI's dividend be paid?

The dividend will be paid on October 1, 2020.

Who is eligible to receive the dividend from II-VI?

Shareholders of record as of September 15, 2020, are eligible to receive the dividend.

What is the frequency of II-VI's dividend payments?

The dividend payments are made quarterly.

What type of stock is II-VI's dividend based on?

The dividend is based on the 6.00% Series A Mandatory Convertible Preferred Stock.