READING, Pa., Feb. 13 /PRNewswire-FirstCall/ -- Arrow International, Inc. announced today that its Board of Directors approved payment of a dividend of $0.17 per share on its outstanding common stock, payable on March 13, 2006 to shareholders of record on February 27, 2006. The $0.17 per share quarterly dividend represents an increase of $0.02 per share, or 13.3%, over the dividend paid to the Company’s shareholders in the previous quarter. This is the fifty-fifth consecutive quarterly dividend paid by the Company since its initial public offering on June 9, 1992 and the thirteenth consecutive year that the Company has increased the amount of its annual dividend.
Commenting on the increase, Carl G. Anderson, Jr., Arrow’s Chairman and Chief Executive Officer, said, “This increase in our quarterly dividend underscores our Board of Directors’ confidence in the future of the Company and in our business initiatives for generating profitable sales growth, which I outlined at our Annual Meeting of Shareholders on January 18, 2006. We are pleased that we have strong cash flows and can return some of this cash to our shareholders in the form of an increased quarterly dividend, which translates into an annual dividend of $0.68 per share and an annual dividend yield of 2.1%, based on the most recent closing price of the Company’s common stock.”
Arrow International, Inc. develops, manufactures and markets a broad range of clinically advanced, disposable catheters and related products for critical and cardiac care. The Company’s products are used primarily by anesthesiologists, critical care specialists, surgeons, emergency and trauma physicians, cardiologists, interventional radiologists, electrophysiologists, and other health care providers.
Arrow International’s news releases and other company information can be found on the World Wide Web at http://www.arrowintl.com.
The Company’s common stock trades on The Nasdaq Stock Market(R) under the symbol ARRO.
Arrow International, Inc.
CONTACT: Frederick J. Hirt, CFO, Arrow International, Inc.,+1-610-478-3117
Web site: http://www.arrowintl.com/
