ADAC declares regular quarterly dividend, updates dividend reinvestment plan.MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 3, 1994--ADAC Laboratories (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADAC ADAC Allgemeiner Deutscher Automobil Club (German automobile club) ADAC Aboriginal Drug and Alcohol Council ADAC Art Directors and Artists Club (Sacramento, California) ADAC Alcohol and Drug Abuse Council ), a leading producer of medical imaging and healthcare information products, Thursday announced that the board of directors has approved the payment of the company's regular quarterly dividend of twelve cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The dividend will be paid on Jan. 9, 1995 to shareholders of record on Dec. 30, 1994. The company instituted a dividend reinvestment & stock purchase plan which has been quite favorably received by the shareholders of record for a minimum of 100 shares. As outlined in the prospectus, the investment date will be Jan. 9, for both dividends and stock purchase. To be eligible for the investment date, new authorization forms and/or stock purchase checks must be received a minimum of 2 weeks prior. ADAC Laboratories is the world leader in the nuclear medicine market and the leading supplier of Radiology Information Systems A Radiology Information System (RIS) is used by radiology departments to store, manipulate and distribute patient radiological data and imagery. The system generally consists of patient tracking and scheduling, result reporting and image tracking capabilities. in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The company is celebrating its 24th year of health care innovation. They were honored in 1993 as a Top Business 100 California Company by the four major California newspapers. ADAC is headquartered in Milpitas. CONTACT: ADAC Laboratories J. Embry, 310/355-0761 |
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