BDXB Becton, Dickinson ADRs of 6.00% Mandatory Convertible Preferred, Series B
Dividends will be payable on a cumulative basis when, as and if declared by our board of directors or an authorized committee thereof, at an annual rate of 6.00% on the liquidation preference of $1,000 per share. We may pay declared dividends in cash or, subject to certain limitations, in shares of our common stock, par value $1.00 per share (our “common stock”), or by payment or delivery, as the case may be, of any combination of cash and shares of our common stock, at our election, subject to certain limitations, on the first business day of each of March, June, September and December of each year, commencing on September 1, 2020 and to, and including, June 1, 2023. Unless earlier converted, each share of the Mandatory Convertible Preferred Stock will automatically convert on June 1, 2023 (subject to postponement in certain cases, the “mandatory conversion date”), into between 3.4722 and 4.1666 shares of our common stock, subject to anti-dilution adjustments, depending on the average VWAP (as defined herein) per share of our common stock over the 20 consecutive trading day period beginning on, and including, the 22nd scheduled trading day immediately preceding the mandatory conversion date. At any time prior to the mandatory conversion date, a holder of 20 Depositary Shares may cause the bank depositary to convert one share of our Mandatory Convertible Preferred Stock, on such holder’s behalf, into shares of our common stock at the minimum conversion rate of 3.4722 shares of our common stock per share of Mandatory Convertible Preferred Stock, subject to anti-dilution adjustments. This security was issued by Becton Dickinson, whose common stock symbol is BDX.
$49.62 +0.09 (0.18%)
As of 03/27/2023 11:16:24 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Convertible
GICS sector: Health Care
Industry: Medical Instruments & Supplies
Index country: USA
Country of incorporation: USA
IPO date: 05/21/2020
Outstanding shares: 30,000,000
Average volume: 309,863
Market cap: $1,475,400,000
Current dividend yield: 6.10% calculation
Coupon rate: 6.000%
Cumulative: Yes
Liquidation value: $50.00
Callable after: 01/01/1900
Maturity date: 06/01/2023
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BL6D429