SunEdison Suspends Quarterly Dividend On Preferred Stock
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SunEdison, Inc. , the largest global renewable energy development company,recentlyannounced that it has suspended payment of quarterly dividends on the Company’s 6.75% Series A Perpetual Convertible Preferred Stock. Dividends on the Perpetual Convertible Preferred Stock are payable in cash or common stock (with a floor price of $7.34) and suspended dividends will accumulate in arrears. The Company’s Board of Directors intends to reassess its dividend policy on an ongoing basis.
