STOCKHOLDERS' EQUITY

9 Months Ended

Feb. 26, 2017

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

13.   STOCKHOLDERS’ EQUITY

In connection with the Separation, we amended and restated our certificate of incorporation to authorize 600,000,000 shares of common stock and 60,000,000 shares of preferred stock. We had 146,068,558 shares of common stock issued and outstanding as of February 26, 2017. Each share of common stock entitles the holder to one vote on matters to be voted on by our stockholders. No preferred stock was issued or outstanding on February 26, 2017. 

Dividends

On December 15, 2016, our Board of Directors declared a dividend of $0.1875 per share of common stock. We delivered the funds to the transfer agent of our common stock on February 24, 2017, who in turn paid the dividend on March 1, 2017, to stockholders of record as of the close of business on January 30, 2017.

On March 23, 2017, our Board of Directors declared a dividend of $0.1875 per share of common stock. The dividend will be paid on June 2, 2017 to stockholders of record as of the close of business on April 30, 2017.