HCA Announces Special Dividend of $2.50 per Share and Record and Payment Dates
HCA Holdings (NYSE: HCA) today announced that its Board of Directors has approved a special cash dividend of $2.50 per share to be paid to shareholders of record as of November 2, 2012 with a payment date of November 16, 2012. The dividend is expected to be funded through borrowings under the Company's credit facilities.
“We believe a special dividend provides a cash return to our shareholders while not affecting our ability to continue to invest in our markets and make acquisitions. Also, the impact of this dividend on the Company's leverage will be modest,” stated R. Milton Johnson, HCA President and Chief Financial Officer.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.