Beauty Industry

Dividend on Revlon’s Stock Announced

This Regular Dividend on the company’s Series A Preferred Stock is payable on January 9, 2012.

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By: Jamie Matusow

Editor-in-Chief

Revlon Inc. announced yesterday that its Board of Directors has declared a Regular Dividend of $0.165569 per share on the Series A Preferred Sock for the period from October 10, 2011 up to January 9, 2012 (representing 91 days out of a 365-day year). This Regular Dividend is payable on January 9, 2012 (as the regularly scheduled dividend date of January 8, 2012 falls on a Sunday) to holders of record of the Series A Preferred Stock at the close of business on December 28, 2011.

The company noted that the regular dividend will be released for 9,336,905 shares of Series A Preferred Stock (CUSIP No. 761525 708) that was issued on October 8, 2009. Pursuant to the terms of the Certificate of Designation for the Series A Preferred Stock, each share of Series A Preferred Stock is entitled to receive, when and if declared by Revlon’s Board of Directors, out of legally available funds, cumulative preferential dividends at an annual rate of 12.75% of the $5.21 per share liquidation preference (the “Regular Dividends”).

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