D&K Healthcare Resources Declares Eighth Consecutive Quarterly Cash Dividend.Business Editors ST. LOUIS--(BUSINESS WIRE)--Nov. 13, 2002 The Board of Directors of D&K Healthcare Resources, Inc. (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 : DKWD DKWD Disk Write Data ) today declared a cash dividend of $0.015 per share of common stock, representing its eighth consecutive quarterly cash dividend. The dividend is payable on December 13, 2002 to shareholders of record on November 29, 2002. About D&K Healthcare Resources With revenues in excess of $2 billion, D&K Healthcare Resources, Inc. (www.dkwd.com) is a leading wholesale distributor of pharmaceutical, healthcare and beauty aid products to independent and regional pharmacies, national pharmacy chains and other healthcare providers. Headquartered in St. Louis, D&K serves customers in 24 states primarily in the Midwest and South, as well as national pharmacy chains reaching all 50 states, 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 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. D&K also owns a 70% 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. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provisions This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are inherently subject to risks and uncertainties. D&K's actual results could differ materially from those currently anticipated due to a number of factors, including without limitation, the competitive nature of the wholesale pharmaceutical distribution industry with many competitors having substantially greater resources than D&K, D&K's ability to maintain or improve its operating margins with the industry's competitive pricing pressures, D&K's customers and suppliers generally having the right to terminate or reduce their purchases or shipments on relatively short notice, the availability of investment purchasing opportunities, the changing business and regulatory environment of the healthcare industry in which D&K operates, including manufacturer's pricing or distribution policies or practices, changes in interest rates, and other factors set forth in reports and other documents filed by D&K with the Securities and Exchange Commission from time to time. D&K undertakes no obligation to publicly update or revise any forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion