LITTLE FALLS, N.J.,
June 20, 2013 /PRNewswire/ --
CANTEL MEDICAL CORP. (NYSE:CMN) announced today that its
Board has declared a 3-for-2 stock split to be effected as a stock
dividend of three shares for each two shares issued and
outstanding, payable Friday, July 12,
2013 to the holders of record of Cantel's common stock as of
the close of business on Monday, July
1, 2013. The Company will make cash payments based
upon the closing price of Cantel's shares on the record date in
lieu of the issuance of fractional shares.
In addition, the Board of Directors authorized a regular
semiannual cash dividend payable on each outstanding share of the
Company's Common Stock. Giving effect to the 3-for-2 stock split,
the dividend will be $0.037 per share
and will be payable on Wednesday, July 31,
2013 to shareholders of record at the close of business on
Wednesday, July 17, 2013.
Andrew A. Krakauer, President and
CEO, said, "The stock split reflects our confidence in the future
operating results and cash flows of the Company, as well as our
ongoing determination to build long-term shareholder value.
The stock split will increase the float and provide greater
liquidity for shareholders."
Cantel Medical Corp. (NYSE:CMN) is a leading provider of
infection prevention and control products in the healthcare market.
Our products include water purification equipment, sterilants,
disinfectants and cleaners, specialized medical device reprocessing
systems for endoscopy and renal dialysis, disposable infection
control products primarily for dental and GI endoscopy markets,
dialysate concentrates and other dialysis supplies, hollow fiber
membrane filtration and separation products for medical and
non-medical applications, and specialty packaging for infectious
and biological specimens. We also provide technical maintenance for
our products and offer compliance training services for the
transport of infectious and biological specimens.
SOURCE Cantel Medical Corp.