II-VI Incorporated Declares a Quarterly Dividend on Series A Mandatory Convertible Preferred Stock
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).
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – IIVI
The recorded move for IIVI in the trading session of this news was -3.69%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PITTSBURGH, Aug. 26, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI) today announced that its Board of Directors has declared a quarterly dividend of
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 |
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