May 15 2010
Lincare Holdings Inc. (Nasdaq:LNCR) announced today that its Board of Directors has declared a three-for-two stock split. The stock split will be effected in the form of a 50% stock dividend to be distributed on June 15, 2010, to shareholders of record on June 3, 2010. No fractional shares will be issued in connection with the stock split, and any resulting fractional shares will be paid in cash based on the closing price of Lincare common stock on the record date of June 3, 2010.
John P. Byrnes, Lincare's Chief Executive Officer, said, "We are pleased to announce the declaration of a three-for-two stock split. We believe this is a good opportunity to increase the trading volume and liquidity of our common shares. We continue to believe that favorable demographics and our commitment to clinical excellence and high quality customer service will drive strong growth in our business and enhance our competitive position."
Source: Lincare Holdings Inc.