Unisys to Pay Deferred Stock Dividend

Holders of Unisys' (NYSE: UIS  ) Series A 6.25% mandatory convertible preferred stock will receive a dividend of $1.5625 per share. The dividend is payable on June 1 to shareholders of record at the close of business on May 15, the company announced this week.

Each share of Unisys' mandatory convertible preferred stock has a liquidation preference of $100, plus an amount equal to accrued and unpaid dividends, and  will automatically convert on March 1, 2014, into between 2.1899 and 2.6717 shares of its common stock. Any time prior to the March 1 deadline, holders may elect to convert all or a portion of their shares of Unisys' preferred stock at the minimum conversion rate of 2.1899 shares of its common stock.

Unisys' Series A preferred stock trades on the NYSE MKT (previously known as the Amex, or American Stock Exchange) under the symbol UIS.PRA.

Unisys is a global IT services specialist.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2407510, ~/Articles/ArticleHandler.aspx, 9/27/2016 10:08:31 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 52 minutes ago Sponsored by:
DOW 18,228.30 133.47 0.74%
S&P 500 2,159.93 13.83 0.64%
NASD 5,305.71 48.22 0.92%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/27/2016 4:02 PM
UIS $9.28 Down -0.04 -0.43%
Unisys CAPS Rating: **