Danaher Declares Pro Rata Dividend Of Veralto Common Stock And Announces Expected "When-Issued" Trading Of Veralto Common Stock
Portfolio Pulse from Happy Mohamed
Danaher Corporation (NYSE:DHR) has announced the completion of the previously announced separation of Veralto Corporation on September 30, 2023. The Danaher Board of Directors has declared a pro rata dividend of all of the common stock of Veralto Corporation to Danaher stockholders. The dividend is payable on September 30, 2023, in connection with the previously announced separation of Danaher's existing Environmental and Applied Solutions segment through the planned spin-off of Veralto. Danaher also announced that it expects 'when-issued' trading of Veralto common stock to begin on September 27, 2023, on the New York Stock Exchange (NYSE), under the symbol 'VLTO WI.'
August 25, 2023 | 8:32 pm
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Danaher Corporation's stockholders will receive a pro rata dividend of Veralto Corporation's common stock. This could potentially increase the attractiveness of Danaher's stock in the short term.
The announcement of a pro rata dividend typically increases the attractiveness of a stock as it represents an additional return to shareholders. This could potentially lead to an increase in demand for Danaher's stock, positively impacting its price in the short term.
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IMPORTANCE 80
RELEVANCE 100