GREENVILLE, S.C.--Span-America Medical Systems, Inc. (NASDAQ: SPAN) announced today that the Board of Directors declared a quarterly cash dividend of $0.16 per share. The dividend is payable December 9, 2016, to shareholders of record on November 22, 2016.
“Span-America has paid a cash dividend for 108 consecutive quarters, highlighting our Board’s focus on building shareholder value through our cash dividend program,” stated Jim Ferguson, president and chief executive officer of Span-America. “We believe our dividend record emphasizes Span-America’s strong cash flow from operations and long-term financial performance.”
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 Encore®, Advantage and Rexx beds as well as related in-room furnishing 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.