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Span-America Medical Systems, Inc.
SPAN announced today that the Board of Directors approved a 13.6% increase in the company's quarterly cash dividend to 12.5 cents ($0.125) per share compared with the previous cash dividend of 11 cents ($0.11). The dividend is payable June 6, 2012, to shareholders of record on May 29, 2012.
"The increase in the quarterly dividend underscores our excellent financial results during the first half of fiscal 2012 and our positive long-term outlook for the company. This marks our 90th consecutive quarter of paying cash dividends and highlights our commitment to building long-term shareholder value,” stated Jim Ferguson, president and chief executive officer of Span-America.
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