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.

HRC Dividend data by YCharts

The article Hill-Rom Raises Dividend 10% originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.