O&M Board also authorizes a new three-year $100 million share
repurchase program
RICHMOND, Va.--(BUSINESS WIRE)--
Owens & Minor, Inc. (NYSE-OMI) today announced that its board of
directors has approved the payment of the fourth-quarter 2016 cash
dividend in the amount of $0.255 per share. The cash dividend is payable
on December 30, 2016, to shareholders of record as of December 15, 2016.
In addition, the Owens & Minor board of directors also authorized a new
share repurchase program of up to $100 million of the company's
outstanding common stock to be executed at the discretion of management
over a 36-month period. The new authorization will take effect upon the
earlier of the completion of the existing authorization, or its
expiration. The timing of repurchases and the exact number of shares of
common stock to be purchased will depend upon market conditions and
other factors and may be suspended or discontinued at any time.
Owens & Minor, Inc. (NYSE: OMI)
is a leading global healthcare services company dedicated to Connecting
the World of Medical Products to the Point of CareTM
by providing vital supply chain services to healthcare providers and
manufacturers of healthcare products. Owens & Minor provides logistics
services across the spectrum of medical products from disposable medical
supplies to devices and implants. With logistics platforms strategically
located in the United States and Europe, Owens & Minor serves markets
where three quarters of global healthcare spending occurs. Owens &
Minor's customers span the healthcare market from independent hospitals
to large integrated healthcare networks, as well as group purchasing
organizations, healthcare products manufacturers, and the federal
government. A FORTUNE 500 company, Owens & Minor is headquartered in
Richmond, Virginia, and has annualized revenues exceeding $9 billion.
For more information about Owens & Minor, visit the company website at owens-minor.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161101006878/en/
Owens & Minor, Inc.
Truitt Allcott, 804-723-7555
Director,
Investor & Media Relations
truitt.allcott@owens-minor.com
Source: Owens & Minor, Inc.
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