Owens & Minor Announces Fourth Quarter 2016 Cash Dividend of $0.255 per Share
November 01 2016 - 05:11PM
Business Wire
O&M Board also authorizes a new three-year
$100 million share repurchase program
Owens & Minor, Inc. (NYSE-OMI) today announced that its
board of directors has approved the payment of the fourth-quarter
2016 cash dividend in the amount of $0.255 per share. The cash
dividend is payable on December 30, 2016, to shareholders of record
as of December 15, 2016.
In addition, the Owens & Minor board of directors also
authorized a new share repurchase program of up to $100 million of
the company’s outstanding common stock to be executed at the
discretion of management over a 36-month period. The new
authorization will take effect upon the earlier of the completion
of the existing authorization, or its expiration. The timing of
repurchases and the exact number of shares of common stock to be
purchased will depend upon market conditions and other factors and
may be suspended or discontinued at any time.
Owens & Minor, Inc.
(NYSE: OMI) is a leading global healthcare services company
dedicated to Connecting the World of Medical Products to the Point
of CareTM by providing vital supply chain services to healthcare
providers and manufacturers of healthcare products. Owens &
Minor provides logistics services across the spectrum of medical
products from disposable medical supplies to devices and implants.
With logistics platforms strategically located in the United States
and Europe, Owens & Minor serves markets where three quarters
of global healthcare spending occurs. Owens & Minor’s customers
span the healthcare market from independent hospitals to large
integrated healthcare networks, as well as group purchasing
organizations, healthcare products manufacturers, and the federal
government. A FORTUNE 500 company, Owens & Minor is
headquartered in Richmond, Virginia, and has annualized revenues
exceeding $9 billion. For more information about Owens & Minor,
visit the company website at owens-minor.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161101006878/en/
Owens & Minor, Inc.Truitt Allcott, 804-723-7555Director,
Investor & Media Relationstruitt.allcott@owens-minor.com
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