Invacare Maintains Common Stock Dividend

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Invacare (NYSE: IVC  ) has chosen to hew to tradition as far as its shareholder payouts are concerned. The company has declared a quarterly common stock distribution of $0.0125 per share, in line with its long-standing dividend policy. The firm also declared a payout for its Class B stock amounting to $0.011364 per share. Both distributions will be paid on October 11 to shareholders of record as of October 3.

The just-declared common stock distribution annualizes to $0.05 per share. That yields 0.3% at Invacare's current price of $16.05.

The announcement comes nearly a week after the company announced it had completed the sale of its medical recliner unit, Champion Manufacturing, for $45 million in cash.

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Related Tickers

9/29/2016 4:02 PM
IVC $10.96 Up +0.01 +0.09%
Invacare CAPS Rating: No stars