Span-America Medical Systems, Inc. (NASDAQ: SPAN) announced today that
the Board of Directors declared a special cash dividend of $1.00 per
share. The Board of Directors also declared a regular quarterly cash
dividend of 12.5 cents ($0.125) per share. The special dividend and
regular quarterly dividend are payable December 4, 2012, to shareholders
of record on November 21, 2012. This will be our 92nd
consecutive quarterly dividend and our fourth special cash dividend
payment.
“The special cash dividend of $1.00 per share highlights Span-America’s
strong financial position, our continued growth in earnings and
excellent cash flow from operations during fiscal 2012,” stated Jim
Ferguson, president and chief executive officer of Span-America. “Our
regular quarterly dividend payment also represents a 13.6% increase in
the cash dividend compared with the same quarter last year and marks the
92nd consecutive quarter of paying cash dividends. Our Board
of Directors remains committed to building long-term shareholder value
by returning a portion of the company’s earnings to shareholders 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.
