Market Overview

Hill-Rom Announces 11% Dividend Increase in Second Quarter 2014

Hill-Rom Holdings (NYSE: HRC) announced today that its Board of Directors has increased the company's fiscal year 2014 second quarter dividend 11 percent to $0.1525 per share. This dividend is payable on March 31, 2014 to shareholders of record as of the close of business on March 20, 2014. This brings the annualized dividend rate per share to $0.61 from $0.55.

"We are pleased to increase our dividend 11 percent from the previous annualized rate and 22 percent from the quarterly rate just one year ago," said Jay Saccaro, Senior Vice President and Chief Financial Officer. "This increase is consistent with our commitment to enhancing shareholder value by returning a substantial portion of operating cash flow to our shareholders."

ABOUT HILL-ROM HOLDINGS, INC.

Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, surgical products and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum and around the world in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.

Posted-In: News Dividends

 

Related Articles (HRC)

Around the Web, We're Loving...

Get Benzinga's Newsletters