The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 14. Hill-Rom has paid dividends every quarter since 1972.
Hill-Rom Senior VP and CFO Mark Guinan said, "We are pleased to increase our dividend 10% in line with our commitment to returning a substantial portion of our operating cash flow to our shareholders."
The regular dividend payment equates to a $0.55-per-share annual dividend, yielding 1.5% based on the closing price of Hill-Rom Holdings' stock on May 29.
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