GREENVILLE, S.C.--(BUSINESS WIRE)--Span-America Medical Systems, Inc. (NASDAQ: SPAN) announced today that the Board of Directors declared a quarterly cash dividend of $0.16 per share. The dividend is payable March 21, 2016, to shareholders of record on March 7, 2016.
“This quarter’s cash dividend marks Span-America’s 105th consecutive quarter of paying cash dividends and highlights our Board of Directors’ focus on building long-term shareholder value through our cash dividend program,” stated Jim Ferguson, president and chief executive officer of Span-America. “This quarter’s cash dividend also represents a 6.7% increase in the amount paid to shareholders compared with the same quarter last year and underscores 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 Encore®, Advantage and Rexx beds as well as related in-room furnishing 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 www.spanamerica.com and www.mchealthcare.com.