BrightView Declares Cash Dividend Payment on Preferred Stock
19 Setembro 2024 - 5:15PM
Business Wire
BrightView Holdings, Inc. (NYSE: BV), the leading commercial
landscaping services company in the United States, announced today
that the Company’s Board of Directors has declared a cash dividend
of $9.0 million on its Series A Preferred Stock. The dividend
represents payment for the period from June 30, 2024 to September
29, 2024, and will be paid on October 1, 2024 to holders of record
as of September 15, 2024. Today’s dividend announcement marks the
third consecutive quarterly cash payment made possible by the
Company’s balance sheet flexibility and commitment to avoid the
dilutive impact caused by payment in kind.
On August 28, 2023, BrightView issued and sold an aggregate of
500,000 shares of its Series A Convertible Preferred Stock for an
aggregate purchase price of $500 million. The Series A Preferred
Stock is convertible into shares of BrightView common stock at a
conversion price of $9.44 per share. Holders of the Series A
Preferred Stock are entitled to a dividend at the rate of 7.0% per
annum, compounding quarterly, paid in kind, or paid in cash, at the
Company’s election.
About BrightView BrightView (NYSE: BV), the nation’s
largest commercial landscaper, proudly designs, creates, and
maintains the best landscapes on Earth and provides the most
efficient and comprehensive snow and ice removal services. With a
dependable service commitment, BrightView brings brilliant
landscapes to life at premier properties across the United States,
including business parks and corporate offices, homeowners'
associations, healthcare facilities, educational institutions,
retail centers, resorts and theme parks, municipalities, golf
courses, and sports venues. BrightView also serves as the Official
Field Consultant to Major League Baseball. Through industry-leading
best practices and sustainable solutions, BrightView is invested in
taking care of our team members, engaging our clients, inspiring
our communities, and preserving our planet. Visit
www.BrightView.com and connect with us on X (formerly known as
Twitter), Facebook, and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240918745163/en/
For More Information: Investors Chris Stoczko,
Vice President of Finance IR@brightview.com
News Media David Freireich, Vice President of
Communications & Public Affairs
David.Freireich@brightview.com
BrightView (NYSE:BV)
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