Hillrom (NYSE: HRC) announced today that its board of directors declared a fiscal 2020 first quarter dividend of $0.21 per share payable on December 31, 2019, to shareholders of record as of the close of business on December 16, 2019.
CHICAGO, Nov. 8, 2019 /PRNewswire/ -- Hillrom (NYSE: HRC) announced today that its board of directors declared a fiscal 2020 first quarter dividend of $0.21 per share payable on December 31, 2019, to shareholders of record as of the close of business on December 16, 2019. The indicated annual dividend rate is $0.84 per share. Hillrom’s board of directors also recently approved a $170 million expansion of its stock repurchase authorization. Based upon this action, the share repurchase plan had approximately $217.5 million of repurchase authority as of September 30, 2019. Shares will be repurchased in the open market or through private transactions at times and amounts determined by the company based on its evaluation of market conditions and other factors. The share repurchase authorization has no expiration date, and there is no change in the company’s capital allocation strategy. “With Hillrom’s strong balance sheet and disciplined capital allocation strategy, we continue to prioritize investment in key strategic growth initiatives, utilizing share repurchases to offset dilution, and returning value to shareholders through dividends and share repurchases. In fiscal year 2019, we returned $177 million to shareholders through dividends and share repurchases,” said Barbara Bodem, Hillrom’s chief financial officer. About Hillrom
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Company Codes: NYSE:HRC |