Lincare's (LNCR) Board Approves Start of Quarterly Cash Dividends

Lincare Holdings Inc. (Nasdaq: LNCR) has approved the initiation of a quarterly cash dividend payable at an annual rate of $0.80 per share of common stock outstanding. The first quarterly dividend of $0.20 per share will be paid on July 29, 2010 to stockholders of record as of July 15, 2010. The ex-dividend date for the quarterly dividend is July 13, 2010. John P. Byrnes, Lincare's Chief Executive Officer, said, "The announcement today of the initiation of a cash dividend reflects our confidence in the Company's long-term growth opportunities and financial strength. We are pleased to have the financial flexibility to continue investing in our business while also returning a portion of our profits to our shareholders through this dividend." Mr. Byrnes added, "In addition to the payment of cash dividends, the Company expects to allocate future operating cash flow to capital investment, share repurchases, business acquisitions and payment of long-term obligations." [SM]... Read more

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