Span-America Medical Systems, Inc. (NASDAQ:SPAN) has declared its regular quarterly dividend of $0.10 per share. The dividend is payable to shareholders of record as of February 25, 2010 on March 5, 2010. The company’s Board of Directors notes its commitment to the building of long term shareholder value. The Board continued to not that the dividend highlights the company’s earnings and cash flow from operations, according to Span-America president and chief executive officer, Jim Ferguson. This dividend will be the company’s 81st consecutive quarter of paying cash dividends.
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Span-America Medical Systems, Inc. (Span-America) manufactures and distributes a variety of therapeutic support surfaces and related products utilizing polyurethane and other foam products for the medical, consumer and industrial markets. The Company operates in two segments: medical and custom products. In the medical segment, Span-America manufactures and markets a range of pressure management products, including Geo-Matt, PressureGuard, Geo-Mattress, Span-Aids and Isch-Dish products. In the custom products segment, it manufactures consumer mattress pads and pillows for the retail bedding market and various engineered foam products for the industrial market. Its consumer mattress pads and pillows are marketed by its distributor, Louisville Bedding Company. The Company sells the industrial product line directly to its customers instead of using distributors.
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