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Home Industry News Hill-Rom announces dividend after strong quarter

Hill-Rom announces dividend after strong quarter

10th May 2010

Hill-Rom has announced its dividend for the upcoming financial quarter after reporting strong results for the January to March period.

The medical technology company’s board of directors has approved a dividend of $0.1025 (0.0683 pounds) per share for the third quarter of its fiscal year, which commenced on April 1st 2010.

This comes after Hill-Rom announced a revenue total of $357.1 million in the second quarter, up by 5.9 per cent year-on-year, while net income of $24.2 million was also recorded, compared to a $465.8 million loss last year.

John Greisch, president and chief executive officer of Hill-Rom, said: “While we continue to see a challenging macro-economic environment, we are pleased with our ability to effectively execute against our plans and deliver solid margin expansion and earnings growth.”

The company’s latest dividend will be payable as of June 30th 2010.

Last month, Hill-Rom opened two new research and development centres in Singapore, a move which will enhance its ability to create innovative medical products for the global market.

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