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Beverly Enterprises makes announcement.


FORT SMITH, Ark.--(BUSINESS WIRE)--March 20, 1995--Beverly Enterprises Inc. (NYSE NYSE

See: New York Stock Exchange
:BEV) Monday announced that the board of directors declared a quarterly dividend of $.6875 per share on its $2.75 cumulative convertible exchangeable preferred stock Convertible exchangeable preferred stock

Convertible preferred stock that may be exchanged, at the issuer's option, into convertible bonds that have the same conversion features as the convertible preferred stock.
, payable May 1, 1995 to holders of record as of April 14, 1995.

Beverly Enterprises is a long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 company operating nursing facilities, institutional pharmacies This article is a list of major pharmacies (also known as chemists and drugstores) by country. Australia
Pharmacies in Australia are mostly independently-owned by pharmacists, often operated as franchises of retail brands offered by the three major
, retirement living centers and home health centers. Its mission is to deliver high-quality health care that exceeds the expectations of each of its customers and to be the provider and employer of choice in each of the communities served.

CONTACT: Beverly Enterprises Inc., Fort Smith

Robert D. Woltil/Robert W. Pommerville, 501/452-6712
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 20, 1995
Words:114
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