Hill-Rom Increases Third Quarter Dividend and Expands Stock Repurchase
BATESVILLE, Ind., May 9, 2011 /PRNewswire/ -- Hill-Rom Holdings, Inc. (NYSE: HRC) announced today that its board of directors has increased the company's third quarter common stock dividend 10 percent ($0.01) to $0.1125 per share. The cash dividend is payable on June 30, 2011, to shareholders of record at the close of business on June 16, 2011.
The board of directors also approved an expansion of the share repurchase authorization by 3 million shares, bringing the remaining shares available for repurchase to 4.1 million. The authorization has no expiration date.
"The decisions to increase the dividend and expand the share repurchase authorization reflect Hill-Rom's strong commitment to disciplined capital allocation and value creation for our shareholders," said Mark Guinan, Senior Vice President and Chief Financial Officer.
ABOUT HILL-ROM HOLDINGS, INC.
Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, noninvasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, and information technology solutions. Hill-Rom's comprehensive product and service offerings are used by health care providers across the health care continuum in hospitals, extended care facilities and home care settings to enhance the safety and quality of patient care.
Hill-Rom…enhancing outcomes for patients and their caregivers.
SOURCE Hill-Rom Holdings, Inc.