Span-America Increases Quarterly Cash Dividend by 6.7%
July 29 2015 - 10:30AM
Business Wire
Marks 103rd Consecutive
Quarterly Dividend Payment
Span-America Medical Systems, Inc. (NASDAQ: SPAN) announced
today that the Board of Directors increased the quarterly cash
dividend to $0.16 per share, an increase of 6.7% from the
previous quarterly dividend of $0.15 per share. The dividend is
payable September 3, 2015, to shareholders of record on August 18,
2015.
“This quarter’s 6.7% increase in the cash dividend highlights
Span-America’s good financial performance, strong balance sheet and
solid cash flow from operations during the first half of fiscal
2015,” stated Jim Ferguson, president and chief executive
officer of Span-America. “This dividend marks the company’s 103rd
consecutive quarter of paying cash dividends and our Board of
Directors’ commitment in building long-term shareholder value
through our cash dividend program.”
Third Quarter Earnings Release and Conference Call
Scheduled
Span-America plans to issue a press release on August 5, 2015
after the market’s close to announce the company’s financial
results for the third fiscal quarter ended June 27, 2015. The
company will conduct a conference call at 10:00 a.m. ET on
Thursday, August 6, to review the company’s financial and
operating results for its third quarter and year-to-date
performance. A live broadcast of the conference call will be
available online at www.spanamerica.com under Investor Relations on
the About Us tab. The online replay will follow immediately
and continue for 30 days.
About Span-America Medical Systems, Inc.
Span-America manufactures and markets a comprehensive selection
of pressure management products for the medical market, including
Geo-Matt®, PressureGuard®, Geo-Mattress®, Custom Care®, Span+Aids®,
Isch-Dish®, Risk Manager® and Selan® products. We also supply
custom foam and packaging products to the consumer
and industrial markets. Through our
wholly-owned subsidiary Span Medical Products Canada Inc., we
manufacture and market the M.C. Healthcare Products
brands of Encore™, Maxxum, Advantage and Rexx bed frames as
well as related case goods, tables and seating products for the
long-term care market. Span-America’s stock is traded on The
NASDAQ Global Market under the symbol “SPAN.” For more
information, visit www.spanamerica.com and
www.mchealthcare.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150729005895/en/
Span-America Medical Systems, Inc.Jim Ferguson, 864-288-8877,
ext. 6912President and Chief Executive Officer
Span America (NASDAQ:SPAN)
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