D&K Healthcare Resources Board of Directors Declares Quarterly Dividend.Business Editors ST. LOUIS--(BUSINESS WIRE)--Feb. 12, 2003 The board of directors of D&K Healthcare Resources, Inc. (Nasdaq:DKWD DKWD Disk Write Data ), declared the company's ninth consecutive regular quarterly dividend. The dividend of $0.015 per common share, is payable on March 14, 2003 to shareholders of record on February 28, 2003. Company Description D&K Healthcare Resources, Inc., which had sales of over $2 billion in fiscal 2002, is a leading wholesale distributor of pharmaceutical, healthcare and beauty aid products. Headquartered in St. Louis, the company serves independent and regional pharmacy customers in 24 states primarily in the Midwest, Upper Midwest The Upper Midwest is a region of the United States with no universally agreed-upon boundary, but it almost always lies within the US Census Bureau's definition of the Midwest and includes the states of Minnesota and Wisconsin, as well as at least the Upper Peninsula of Michigan. and South, as well as national pharmacy chains, from six distribution facilities located in Missouri, Florida, Kentucky (2), Minnesota and South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). . In addition, D&K Healthcare offers a variety of value-added services including inventory management, cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. services, information technology systems and specialized marketing programs. The company also owns a 70 percent equity interest in Pharmaceutical Buyers, Inc., a leading alternate-site group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. based in Boulder, CO. More information about D&K Healthcare may be found on the company's corporate Internet web site at www.dkwd.com. |
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