ALLEN, TX--(Marketwire - January 04, 2010) - The Board of Directors of Atrion Corporation (NASDAQ: ATRI) today declared a special dividend of $6.00 per share on its outstanding shares of Common Stock. This dividend will be payable on January 29, 2010 to stockholders of record at the close of business on January 19, 2010.
Commenting on the dividend action, Emile A. Battat, Chairman and CEO, stated, "This special dividend reflects the Company's solid capitalization and its continuing ability to generate strong cash flows from operations. As of September 30, 2009 the Company had no debt, and had cash and marketable securities totaling $30.7 million. The special dividend totaling approximately $12 million demonstrates the Board's commitment to maximize return to stockholders, while continuing to maintain a substantial liquid position that, along with anticipated future free cash flows and available credit lines, should be more than adequate to meet our capital needs and pursue potential acquisitions that could contribute to and enhance our strong franchise."
Atrion Corporation develops and manufactures products primarily for medical applications. The Company's website is www.atrioncorp.com.
Statements in this press release that are forward looking are based upon
current expectations and actual results or future events may differ
materially. Words such as "expects," "believes," "anticipates," "intends,"
"should," "plans," and variations of such words and similar expressions are
intended to identify such forward-looking statements. Forward-looking
statements involve risks and uncertainties. The following are some of the
factors that could cause actual results or future events to differ
materially from those expressed in or underlying our forward-looking
statements: changing economic, market and business conditions; acts of war
or terrorism; the effects of governmental regulation; competition and new
technologies; slower-than-anticipated introduction of new products or
implementation of marketing strategies; the Company's ability to protect
its intellectual property; changes in the prices of raw materials; changes
in product mix; and intellectual property and product liability claims and
product recalls. The foregoing list of factors is not exclusive, and other
factors are set forth in the Company's filings with the Securities and
Exchange Commission
Contact:
Jeffery Strickland
Vice President and Chief Financial Officer
(972) 390-9800