Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND)
today announced that its Board of Directors approved the payment of
the regular quarterly cash dividend to its common shareholders. The
quarterly cash dividend of $0.12 per common share will be paid on
June 10, 2015 to shareholders of record as of the close of business
on May 20, 2015.
Kindred also today announced that its Board of Directors has
approved payment of the scheduled June 1, 2015 installment payment
of $18.75 per unit on the Company’s 7.50% Tangible Equity Units.
The installment payment will be paid on June 1, 2015 to the holders
of record as of 5:00 p.m., New York City time, on May 15, 2015. To
the extent that any unit has been separated into its constituent
purchase contract and its constituent share of mandatory redeemable
preferred stock, the installment payment is payable only on the
constituent share of mandatory redeemable preferred stock.
Future declarations of quarterly dividends and installment
payments will be subject to the approval of Kindred’s Board of
Directors.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements include, but are
not limited to, statements regarding the Company’s expected future
financial position, results of operations, cash flows, dividends,
financing plans, business strategy, budgets, capital expenditures,
competitive positions, growth opportunities, plans and objectives
of management, and statements containing the words such as
“anticipate,” “approximate,” “believe,” “plan,” “estimate,”
“expect,” “project,” “could,” “would,” “should,” “will,” “intend,”
“may,” “potential,” “upside,” and other similar expressions.
Statements in this press release concerning the Company’s business
outlook or future economic performance, anticipated profitability,
revenues, expenses, dividends or other financial items, and product
or services line growth, together with other statements that are
not historical facts, are forward-looking statements that are
estimates reflecting the best judgment of the Company based upon
currently available information.
Such forward-looking statements are inherently uncertain, and
stockholders and other potential investors must recognize that
actual results may differ materially from the Company’s
expectations as a result of a variety of factors, including,
without limitation, those discussed below. Such forward-looking
statements are based upon management’s current expectations and
include known and unknown risks, uncertainties and other factors,
many of which the Company is unable to predict or control, that may
cause the Company’s actual results, performance or plans to differ
materially from any future results, performance or plans expressed
or implied by such forward-looking statements. These statements
involve risks, uncertainties and other factors detailed from time
to time in the Company’s filings with the Securities and Exchange
Commission.
Other factors that may affect the Company’s plans, results or
stock price are set forth in the Company’s Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form
8-K.
Many of these factors are beyond the Company’s control. The
Company cautions investors that any forward-looking statements made
by the Company are not guarantees of future performance. The
Company disclaims any obligation to update any such factors or to
announce publicly the results of any revisions to any of the
forward-looking statements to reflect future events or
developments.
About Kindred Healthcare
Kindred Healthcare, Inc., a top-85 private employer in the
United States, is a FORTUNE 500 healthcare services company based
in Louisville, Kentucky with annual revenues of approximately
$7.2 billion(1). At March 31, 2015, Kindred through its
subsidiaries had approximately 102,600 employees providing
healthcare services in 2,787 locations in 47 states, including 97
transitional care hospitals, 16 inpatient rehabilitation hospitals,
90 nursing centers, 21 sub-acute units, 664 Kindred at Home home
health, hospice and non-medical home care sites of service, 100
inpatient rehabilitation units (hospital-based) and a contract
rehabilitation services business, RehabCare, which served 1,799
non-affiliated sites of service. Ranked as one of Fortune
magazine’s Most Admired Healthcare Companies for six years,
Kindred’s mission is to promote healing, provide hope, preserve
dignity and produce value for each patient, resident, family
member, customer, employee and shareholder we serve. For more
information, go to www.kindredhealthcare.com. You can also follow
us on Twitter and Facebook.
(1) Revenues were computed by combining the twelve months ended
December 31, 2014 data for Kindred, Gentiva Health Services, Inc.
(“Gentiva”), which was acquired by the Company on February 2, 2015,
and Centerre Healthcare Corporation (“Centerre”), which was
acquired by the Company on January 1, 2015.
Kindred Healthcare, Inc.Susan E. Moss, 502-596-7296Senior Vice
President, Marketing and Communications
Kindred Healthcare (NYSE:KND)
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