Owens & Minor Approves 1st Quarter 2015 Dividend
Owens & Minor, Inc. (NYSE:OMI) announced that its board of directors has approved the payment of the first quarter 2015 cash dividend in the amount of $0.2525 per share, which includes an increase of 1.0% over the prior quarter’s dividend. The cash dividend is payable on March 31, 2015, to shareholders of record as of March 16, 2015.
“With a history of paying dividends consistently since 1930, as well as a track record of increasing our dividends, our board has fully demonstrated its commitment to shareholder distributions,” said James L. Bierman, president & chief executive officer of Owens & Minor. “Our dividend payout ratio remains one of the strongest in our sector and is an important element of our total return to shareholders.”
Owens & Minor, Inc. (NYSE:OMI) is a leading healthcare logistics company dedicated to Connecting the World of Medical Products to the Point of CareTM by providing vital supply chain services to healthcare providers and manufacturers of healthcare products. Owens & Minor provides logistics services across the spectrum of medical products from disposable medical supplies to devices and implants. With logistics platforms strategically located in the United States and Europe, Owens & Minor serves markets where three quarters of global healthcare spending occurs. Owens & Minor’s customers span the healthcare market from independent hospitals to large integrated healthcare networks, as well as group purchasing organizations, healthcare products manufacturers, and the federal government. A FORTUNE 500 company, Owens & Minor is headquartered in Richmond, Virginia, and has annualized revenues exceeding $9 billion. For more information about Owens & Minor, visit the company website at owens-minor.com.
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