Providence Service Corporation Declares Cash Dividend on Convertible Preferred Stock
December 01 2017 - 08:30AM
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 January 2, 2018 to holders of record as of 5:00 p.m. ET
on December 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 Providence
The Providence Service Corporation is a 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 Statements
Certain statements contained in this press 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
Laurence Orton - VP Finance & Corporate Controller (203)
307-2800
Providence Service (NASDAQ:PRSC)
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