DENTSPLY International Inc. Increases Dividend And Announces Two-For-One Stock Split.YORK, Pa.--(BUSINESS WIRE)--Sept. 18, 1997--DENTSPLY International Inc. (Nasdaq-XRAY) Thursday announced that its board of directors declared a quarterly cash dividend of $ .1025 per share of common stock, an increase of 10.8 percent and an indicated annual rate of $ .41 per share. The dividend is payable Oct. 10, 1997 to holders of record on Sept. 30, 1997. The company also announced that the board of directors has approved a two-for-one stock split. The stock split will be effected through the distribution of one newly-issued share of Common Stock, par value $ .01 per share, for each outstanding share of Common Stock held by stockholders of record as of Oct. 14, 1997 and will be payable on Oct. 29, 1997. As a result of the stock split, the company's outstanding Common Stock will increase to approximately 54 million shares and the indicated annual dividend rate will be $ .205 per share. John C. Miles II, vice chairman and chief executive officer, said, "We are pleased that the strength of our operations and strong cash flow warrants a 10.8 percent increase in our annual dividend rate. Additionally, we believe that the two-for-one stock split will increase the liquidity of our stock by making the Company's shares available to a broader segment of the investing public." DENTSPLY designs, develops, manufactures and markets a broad range of products for the dental market. The company believes that it is the world's leading manufacturer and distributor of artificial teeth, endodontic Endodontic Pertaining to the inside structures of the tooth, including the dental pulp and tooth root, and the periapical tissue surrounding the root. Mentioned in: Root Canal Treatment endodontic instruments and materials, impression materials, prophylaxis prophylaxis (prō'fĭlăk`sĭs), measures designed to prevent the occurrence of disease or its dissemination. Some examples of prophylaxis are immunization against serious diseases such as smallpox or diphtheria; quarantine to confine paste, dental sealants Dental sealants are a dental treatment consisting of applying a plastic material to one or more teeth, for the intended purpose of preventing dental caries (cavities) or other forms of tooth decay. , ultrasonic ultrasonic /ul·tra·son·ic/ (-son´ik) beyond the upper limit of perception by the human ear; relating to sound waves having a frequency of more than 20,000 Hz. ul·tra·son·ic adj. 1. scalers, and crown and bridge materials; the leading United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. manufacturer and distributor of dental x-ray equipment, dental handpieces, intraoral cameras, dental operatory software systems, dental x-ray film Noun 1. X-ray film - photographic film used to make X-ray pictures bitewing - a dental X-ray film that can be held in place by the teeth during radiography holders, film mounts and bone substitute/grafting materials; and a leading United States distributor of dental cutting instruments. The company distributes its dental products in over 100 countries under some of the most well-established brand names in the industry. DENTSPLY is committed to the development of innovative, high quality, cost-effective new products for the dental market. CONTACT: DENTSPLY International Inc., York Edward D. Yates, senior VP & CFO See Chief Financial Officer. , 717/849-4243 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion