Collagen Corp. declares cash dividend, payable in January 1996.PALO ALTO, Calif.--(BUSINESS WIRE)--Nov. 16, 1995--The board of directors of Collagen Corp. (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 :CGEN CGEN Convective Sigmet Generation ) today announced that it has declared a cash dividend of 7.5 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. , for the six months ending Dec. 31, 1995. This dividend will be paid on Jan. 15, 1996, to stockholders of record on Dec. 15, 1995. "Creating value for our stockholders is the core of our corporate strategy," stated Howard D. Palefsky, chairman and chief executive officer of Collagen Corp. "Paying a cash dividend is one of the many ways Collagen Corporation is creating value for its stockholders. This dividend reflects the board's continued confidence in the cash flow emanating from Collagen Corporation's operating businesses and the value we are creating for stockholders by our significant investments in research and development, the strategic funding of affiliate companies and our stock repurchase Stock repurchase A firm's repurchase of outstanding shares of its common stock. program." Collagen Corp. is a technology-based company that develops, manufactures and markets biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. devices for the treatment of defective, diseased, traumatized or aging human tissues. CONTACT: Collagen Corp., Palo Alto David Foster, 415/856-0200 or Edelman Public Relations Jon Greer, 415/433-5381 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion