Covetrus Declares Dividend on Perpetual Convertible Preferred Stock

Rhea-AI Summary

Covetrus (NASDAQ: CVET) declared a quarterly cash dividend of $8.653846 per share on its 7.50% Series A Convertible Preferred Stock. This dividend is payable on June 30, 2020, to shareholders recorded as of June 19, 2020. The company, based in Portland, Maine, focuses on animal health technology and services, serving over 100,000 customers globally with a workforce of more than 5,500 employees.

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• Declaration of a quarterly cash dividend of $8.653846 per share.
• Strong commitment to shareholder returns through dividends.

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• None.

PORTLAND, Maine, June 25, 2020 (GLOBE NEWSWIRE) -- Covetrus™ (NASDAQ: CVET), a global leader in animal-health technology and services, announced today its board of directors has declared a quarterly cash dividend to holders of its 7.50% Series A Convertible Preferred Stock of $8.653846 per share payable on June 30, 2020 to holders of record on June 19, 2020.

About Covetrus
Covetrus is a global animal-health technology and services company dedicated to empowering veterinary practice partners to drive improved health and financial outcomes. We are bringing together products, services, and technology into a single platform that connects our customers to the solutions and insights they need to work best. Our passion for the well-being of animals and those who care for them drives us to advance the world of veterinary medicine. Covetrus is headquartered in Portland, Maine with more than 5,500 employees serving over 100,000 customers around the globe. For more information about Covetrus visit https://covetrus.com/.

Forward-Looking Statements
This press release contains certain statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and that involve risks and uncertainties, including statements about our plans, objectives, expectations, and intentions. Such statements are subject to numerous risks and uncertainties. Factors that could adversely affect our business and prospects are set forth in our public filings with the Securities and Exchange Commission. Our forward-looking statements are based on current beliefs and expectations of our management team and, except as required by law, we undertake no obligations to make any revisions to the forward-looking statements contained in this release or to update them to reflect events or circumstances occurring after the date of this release, whether as a result of new information, future developments or otherwise. Investors are cautioned not to place undue reliance on these forward-looking statements.

Contacts
Nicholas Jansen | Investor Relations
207-550-8106 | 

Kiní Schoop | Public Relations
207-550-8018 |

FAQ

What is the dividend amount declared by Covetrus?

Covetrus declared a quarterly cash dividend of $8.653846 per share.

When is the dividend payable for CVET?

The dividend is payable on June 30, 2020.

What is the record date for the dividend payment of CVET?

The record date for the dividend payment is June 19, 2020.

What type of preferred stock does Covetrus have?

Covetrus has a 7.50% Series A Convertible Preferred Stock.