Span-America Declares Quarterly Cash Dividend
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 $0.14 per share, marking the 97th consecutive quarter of paying cash dividends. The dividend is payable March 17, 2014, to shareholders of record on March 3, 2014.
“Our Board of Directors remains focused on building long-term shareholder value through our cash dividend program”
“Our Board of Directors remains focused 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 represents a 12% increase in the amount paid to shareholders compared with the same quarter last year and highlights 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 www.spanamerica.com and www.mchealthcare.com.