UPDATE: Coty Says Will Propose To Board To Increase From 50% To 100% Option For Shareholders To Receive Their $0.125/Share Qtr. Dividend In Kind For Coming 2 Quarters
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. plans to propose to its board an increase from 50% to 100% in the option for shareholders to receive their $0.125 per share quarterly dividend in kind for the next two quarters.
March 20, 2020 | 10:56 am
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Coty Inc. is considering allowing shareholders to receive their entire $0.125/share quarterly dividend in kind for the next two quarters, up from the current 50% option.
The proposal to allow shareholders to receive 100% of their dividend in kind could be seen as a positive move, potentially increasing shareholder satisfaction and retention. This may lead to a short-term positive impact on Coty's stock price.
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