Universal Health Services, Inc. Announces Stock Split and Cash Dividend Increase
November 18 2009 - 4:35PM
PR Newswire (US)
KING OF PRUSSIA, Pa., Nov. 18 /PRNewswire-FirstCall/ -- Universal
Health Services, Inc. (NYSE:UHS) announced today that its Board of
Directors has declared a two for one stock split in the form of a
100% stock dividend payable on December 15, 2009 to shareholders of
record as of December 1, 2009. All classes of common stock will
participate on a pro rata basis. The Board's decision should
improve liquidity and trading volume in the Company's stock. The
company also announced that the Board of Directors voted to pay a
cash dividend of $0.05 per share (post-split) on December 15, 2009
to shareholders of record as of December 1, 2009. Universal Health
Services, Inc. is one of the nation's largest hospital companies,
operating, through its subsidiaries, acute care and behavioral
health hospitals, and ambulatory centers nationwide and in Puerto
Rico. Certain statements in this release may constitute
forward-looking statements and are subject to various risks and
uncertainties as discussed in the Company's filing with the
Securities and Exchange Commission. The Company is not obligated to
update these forward-looking statements even if the Company's
assessment of these risks and uncertainties changes. For additional
information on the Company, visit our website;
http://www.uhsinc.com/. DATASOURCE: Universal Health Services, Inc.
CONTACT: Steve Filton, Chief Financial Officer, Universal Health
Services, Inc., +1-610-768-3300 Web Site: http://www.uhsinc.com/
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