Kindred Healthcare Board of Directors Declares Cash Dividend of $0.12 Per Common Share & Approves Scheduled Preferred Stock I...
November 07 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 December 9, 2016 to
common shareholders of record as of the close of business on
November 21, 2016.
Kindred also today announced that its Board of Directors has
approved payment in cash of the scheduled December 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 December 1, 2016 to the preferred shareholders of record
as of 5:00 p.m., New York City time, on November 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 ability to
exit the skilled nursing facility business, as well as the
Company’s ability to realize the anticipated benefits, cost savings
and strategic gains from this initiative, 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 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). As of October 1, 2016, Kindred through its
subsidiaries had approximately 102,200 employees providing
healthcare services in 2,702 locations in 46 states, including 82
long-term acute care hospitals, 19 inpatient rehabilitation
hospitals, 91 nursing centers, 19 sub-acute units, 647 Kindred at
Home home health, hospice and non-medical home care sites of
service, 104 inpatient rehabilitation units (hospital-based) and
contract rehabilitation service businesses which served 1,740
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 September 30, 2016.
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Kindred Healthcare, Inc.Todd Flowers, 502-596-6569Investor
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