Hill-Rom Raises Dividend 10%
Medical-products maker Hill-Rom Holdings announced yesterday its second-quarter dividend of $0.1375 per share, a 10% increase from the $0.125-per-share payout it made last quarter.
The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 14. Hill-Rom has paid dividends every quarter since 1972.
Hill-Rom Senior VP and CFO Mark Guinan said, "We are pleased to increase our dividend 10% in line with our commitment to returning a substantial portion of our operating cash flow to our shareholders."
The regular dividend payment equates to a $0.55-per-share annual dividend, yielding 1.5% based on the closing price of Hill-Rom Holdings' stock on May 29.
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