ST. JUDE MEDICAL DECLARES FIRST CASH DIVIDEND
ST. JUDE MEDICAL DECLARES FIRST CASH DIVIDEND ST. PAUL, Minn., March 25 /PRNewswire/ -- St. Jude Medical, Inc.
(NASDAQ-NMS: STJM), St. Paul, today announced that its board of directors declared a quarterly cash dividend on its common stock of $.10 per share. The initial $.10 cash dividend will be payable April 30, 1992 to shareholders of record April 13, 1992.
Dr. William G. Hendrickson, chairman of the board of directors said, "The board is pleased to declare this cash dividend. The company's strong current performance and expectations for future success resulted in this decision." Hendrickson continued, "It is important for our shareholders to understand that we remain committed to expanding our core businesses and to diversifying our company. Our strong financial position allows the company to pay cash dividends and to actively and aggressively pursue diversification opportunities." Hendrickson concluded, "The board wishes to express its appreciation to the company's shareholders for their continued support as well as to the employees for their contributions in making St. Jude Medical a premier medical products company." St. Jude Medical, Inc., a multi-national manufacturer of the world's most preferred mechanical heart valve with over 380,000 implantations since 1977, serves physicians worldwide with the highest quality products for cardiovascular and vascular care. -0- 3/25/92 /CONTACT: Steve Schuster, 612-481-7773, or Steve Wilson, 612-481-7542, both of St. Jude Medical/ (STJM) CO: St. Jude Medical, Inc. ST: Minnesota IN: MTC SU: DIV
AL -- MN002 -- 1446 03/25/92 10:42 EST
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|Date:||Mar 25, 1992|
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