Hillenbrand Increases Quarterly Dividend to $0.1875 Per Share
December 02 2009 - 4:06PM
PR Newswire (US)
BATESVILLE, Ind., Dec. 2 /PRNewswire-FirstCall/ -- The board of
directors for Hillenbrand, Inc. (NYSE:HI) has declared a regular
quarterly cash dividend of $0.1875 per share on the company's
common stock, a 1.35 percent increase over the previous quarterly
rate of $0.185 per share. The dividend is payable Dec. 31, 2009, to
shareholders of record at the close of business on Dec. 17, 2009.
"The board's decision to increase the dividend for the second
consecutive year reflects its confidence in the company's continued
financial strength," said Kenneth A. Camp, Hillenbrand president
and CEO. "Our historical annual dividend payout of more than $45
million is an important part of our commitment to return a
meaningful portion of our strong cash flow to shareholders." ABOUT
HILLENBRAND, INC. Hillenbrand, Inc.
(http://www.hillenbrandinc.com/) is the holding company for
Batesville Casket Company, a leader in the North American death
care industry through the sale of funeral services products,
including burial caskets, cremation caskets, containers and urns,
selection room display fixturing and other personalization and
memorialization products. HI-INC-F DATASOURCE: Hillenbrand, Inc.
CONTACT: Mark R. Lanning, Vice President of Investor Relations and
Treasurer, Hillenbrand, Inc., +1-812-934-7256, Web Site:
http://www.hillenbrandinc.com/
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