RICHMOND, Va.--(BUSINESS WIRE)--Owens & Minor, Inc. (NYSE:OMI) announced that its board of directors has approved the payment of the first quarter 2016 cash dividend in the amount of $0.255 per share, which includes an increase of 1.0% over the prior quarter’s dividend. The cash dividend is payable on March 31, 2016, to shareholders of record as of March 15, 2016.
“With the approval of the first quarter dividend, our board is continuing a long tradition of paying dividends to our shareholders,” said P. Cody Phipps, president & chief executive officer of Owens & Minor. “In fact, this year we will mark our 86th consecutive year of dividend payments.”
Owens & Minor, Inc. (NYSE:OMI) is a leading healthcare services company dedicated to Connecting the World of Medical Products to the Point of CareTM by providing vital supply chain services to healthcare providers and manufacturers of healthcare products. Owens & Minor provides logistics services across the spectrum of medical products from disposable medical supplies to devices and implants. With logistics platforms strategically located in the United States and Europe, Owens & Minor serves markets where three quarters of global healthcare spending occurs. Owens & Minor’s customers span the healthcare market from independent hospitals to large integrated healthcare networks, as well as group purchasing organizations, healthcare products manufacturers, and the federal government. A FORTUNE 500 company, Owens & Minor is headquartered in Richmond, Virginia, and has annualized revenues exceeding $9 billion. For more information about Owens & Minor, visit the company website at owens-minor.com.