ADVANCED MEDICAL ANNOUNCES PAYMENT OF MANDATORY DIVIDEND ON ITS 10 PERCENT CUMULATIVE PREFERRED STOCK
ADVANCED MEDICAL ANNOUNCES PAYMENT OF MANDATORY DIVIDEND ON ITS
10 PERCENT CUMULATIVE PREFERRED STOCK
SAN DIEGO, March 5 /PRNewswire/ -- Advanced Medical, Inc. (AMEX: AMA) announced today that it will pay the semi-annual dividend of 50 cents per share on its 10 percent cumulative preferred stock on March 27, 1992 to holders of record as of the close of business on March 20, 1992.
Mellon Securities Transfer Services, New York, will serve as the payment agent for the dividend.
/CONTACT: Stanley S. Anders III, chief financial officer of Advanced Medical, 619-566-0426/
(AMA) CO: Advanced Medical, Inc. ST: New York IN: MTC SU: DIV SM-SH -- NY061 -- 5534 03/05/92 14:38 EST