AMAC declares special cash dividend for second time

American Medical Alert Corp. (NASDAQ: AMAC) a healthcare communications solutions provider, today announced that its Board of Directors has approved the payment of a special cash dividend of $0.10 (ten cents) per common share. The dividend will be paid on or about October 1, 2010 to shareholders of record as of the close of business on September 13, 2010.

Jack Rhian, AMAC's President and CEO stated: "We are pleased that, for the second time, we are able to issue a special cash dividend to shareholders. AMAC's strong cash flow and solid balance sheet provide us the financial flexibility to return significant cash to our shareholders while also providing the capacity to fuel our multi-pronged growth initiatives. We remain confident in the strength of the Company and are committed to increasing shareholder value through execution of our strategic objectives. Additionally, with the anticipated trend of continued strong cash flow generation, management and the Board of Directors intend to evaluate the option of adopting a recurring cash dividend program in the future."

Source:

 American Medical Alert Corp.

Posted in:

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
Post

Sign in to keep reading

We're committed to providing free access to quality science. By registering and providing insight into your preferences you're joining a community of over 1m science interested individuals and help us to provide you with insightful content whilst keeping our service free.

or

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

You might also like...
AI model maps lifetime disease risks to transform future healthcare planning