Collagen Declares 10 Cents Per Share Cash Dividend, Payable January 1997.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 26, 1996--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 10 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, 1996. The dividend will be paid on Jan. 15, 1997, to stockholders of record on Dec. 16, 1996. The board of directors expects to review on a semiannual basis the potential for future dividends. "Creating value for our stockholders is at the root of what we seek to do at Collagen Corp. To this end, developing existing and new products and businesses within Collagen Corp. and among our affiliate companies is our primary task. We have also engaged in an active stock buy-back program and have paid dividends, two additional means by which we have delivered value to our stockholders. We are pleased that Collagen Corp. is in a position where it can return this cash dividend to stockholders," stated Howard D. Palefsky, chairman and chief executive officer. 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. Except for the historical information contain herein, the matters discussed in this press release are forward-looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Collagen's actual activities may differ significantly from those discussed in the forward-looking statements. Actual activities may be affected by, among other things, future results of operations, strategic decisions by management or the board of directors, as well as those factors set forth under the heading "Factors That May Affect Future Results of Operations" in Collagen's Form 10-Q Form 10-Q See 10-Q. for the quarter ending Sept. 30, 1996. CONTACT: Collagen Corp., Palo Alto Lisa Morgensai, 415/856-0200 or Edelman Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Jon Greer, 415/433-5381 |
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