Span-America Increases Quarterly Cash Dividend by 6.7%
By Business Wire News
By Business Wire News
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.
Span-America Medical Systems, Inc.
Jim Ferguson, 864-288-8877, ext. 6912
President and Chief Executive Officer