News Column

Span-America Declares Quarterly Cash Dividend

May 24, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Span-America Medical Systems, Inc. (NASDAQ: SPAN) announced that the Board of Directors declared a quarterly cash dividend of $0.14 per share. The dividend is payable June 4, 2014, to shareholders of record on May 16, 2014.

"This dividend marks our 98th consecutive quarter of paying cash dividends," stated Jim Ferguson, president and chief executive officer of Span-America. "This quarter's dividend represents a 12% increase in the amount paid to shareholders compared with the same quarter last year and highlights our Board's focus on building long-term shareholder value through our cash dividend program." 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.

Keywords for this news article include: Investment and Finance, Span-America Medical Systems Inc.

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Source: Investment Weekly News


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