Providence Service Corporation Declares Cash Dividend on Convertible Preferred Stock
September 05 2017 - 4:10PM
The Providence Service Corporation (Nasdaq:PRSC) today announced
that its Board of Directors has declared a cash dividend on its
5.5%/8.5% Series A convertible preferred stock. The dividend is
payable on October 2, 2017 to holders of record as of 5:00 p.m. EDT
on September 15, 2017. The dividend will be paid at a rate of 5.5%
per annum, which is equal to approximately $1.38630 per share of
convertible preferred stock.
About ProvidenceThe Providence Service
Corporation is a holding company which owns interests in
subsidiaries and other companies that are primarily engaged in the
provision of healthcare and workforce development services for
public and private sector entities seeking to control costs and
promote positive outcomes. For more information, please visit
prscholdings.com.
Forward-Looking StatementsCertain statements
contained in this release constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are based on current
expectations, assumptions, estimates and projections about our
business and our industry, and are not guarantees of our future
performance. These statements are subject to a number of
known and unknown risks, uncertainties and other factors which may
cause actual events to be materially different from those expressed
or implied herein, including factors disclosed in our annual report
on Form 10-K and subsequent filings with the Securities and
Exchange Commission. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date the statement was made. We undertake no
obligation to update or revise any forward-looking statements
contained in this release, whether as a result of new information,
future events or otherwise, except as required by applicable
law.
Investor Relations Contact
David Shackelton – Chief Financial Officer
(203) 307-2800
Providence Service (NASDAQ:PRSC)
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