Span-America Increases Quarterly Cash Dividend by 12%

Span-America Increases Quarterly Cash Dividend by 12%

GREENVILLE, S.C.--(BUSINESS WIRE)-- Span-America Medical Systems, Inc. (NAS: SPAN) announced today that the Board of Directors increased the company's quarterly cash dividend by 12% to $0.14 per share. The dividend is payable September 4, 2013, to shareholders of record on August 20, 2013.

"This dividend will mark our 95th consecutive quarter of paying cash dividends," stated Jim Ferguson, president and chief executive officer of Span-America. "This dividend also represents a 12% increase in the cash dividend compared with the same quarter last year. We believe the dividend increase highlights our focus on building long-term shareholder value, the strength of our balance sheet and our excellent cash flow from operations."

About Span-America Medical Systems, Inc.

Span-America manufactures and markets a comprehensive selection of pressure management products for the medical market, including Geo-Matt®, PressureGuard®, Geo-Mattress®, Custom Care®, Span+Aids®, Isch-Dish®, Risk Manager® and Selan® products. We also supply custom foam and packaging products to the consumer and industrial markets. Through our wholly-owned subsidiary Span Medical Products Canada Inc., we manufacture and market the M.C. Healthcare Products brands of Maxxum, Advantage and Rexx bed frames as well as related case goods, tables and seating products for the long-term care market. Span-America's stock is traded on The NASDAQ Global Market under the symbol "SPAN." For more information, visit and

Span-America Medical Systems, Inc.
Jim Ferguson, 864-288-8877, ext. 6912
President and Chief Executive Officer

KEYWORDS:   United States  North America  South Carolina


The article Span-America Increases Quarterly Cash Dividend by 12% originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.

Read Full Story