Kindred Healthcare Board of Directors Declares Cash Dividend of $0.12 Per Common Share & Approves Scheduled Preferred Stock I...
August 04 2016 - 4:35PM
Business Wire
Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND)
today announced that its Board of Directors approved the payment of
a cash dividend of $0.12 per common share to its common
shareholders. The dividend will be paid on September 2, 2016 to
common shareholders of record as of the close of business on August
18, 2016.
Kindred also today announced that its Board of Directors has
approved payment in cash of the scheduled September 1, 2016
installment payment of $18.75 per share of the Company’s Mandatory
Redeemable Preferred Stock, Series A. The installment payment will
be paid on September 1, 2016 to the preferred shareholders of
record as of 5:00 p.m., New York City time, on August 15, 2016.
Future declarations of 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, all 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, government investigations, regulatory
matters, 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, product or services
line growth, and expected outcome of government investigations and
other regulatory matters, 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. 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 Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form
8-K filed with the Securities and Exchange Commission.
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-90 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 June 30, 2016, Kindred through its
subsidiaries had approximately 101,800 employees providing
healthcare services in 2,684 locations in 46 states, including 97
transitional care hospitals, 19 inpatient rehabilitation hospitals,
92 nursing centers, 19 sub-acute units, 617 Kindred at Home home
health, hospice and non-medical home care sites of service, 105
inpatient rehabilitation units (hospital-based) and contract
rehabilitation service businesses which served 1,735 non-affiliated
sites of service. Ranked as one of Fortune magazine’s Most Admired
Healthcare Companies for seven 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 based upon Kindred
consolidated revenues for the twelve months ended June 30,
2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20160804006294/en/
Kindred Healthcare, Inc.Investor Relations:Todd Flowers,
502-596-6569
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