American Medical Alert (AMAC) Declares $0.10 Special Dividend

American Medical Alert Corp. (Nasdaq: AMAC) today announced that its Board of Directors has approved the payment of a special cash dividend of $0.10 per common share. The dividend will be paid on or about October 1, 2010 to shareholders of record as of the close of business on September 13, 2010. The ex-dividend date is September 9, 2010. Jack Rhian, AMAC's President and CEO stated: "We are pleased that, for the second time, we are able to issue a special cash dividend to shareholders. AMAC's strong cash flow and solid balance sheet provide us the financial flexibility to return significant cash to our shareholders while also providing the capacity to fuel our multi-pronged growth initiatives. We remain confident in the strength of the Company and are committed to increasing shareholder value through execution of our strategic objectives. Additionally, with the anticipated trend of continued strong cash flow generation, management and the Board of Directors intend to evaluate the option of adopting a recurring cash dividend program in the future."... Read more

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