Arrow International Announces Dividend Increase for Second Fiscal Quarter
13 February 2007 - 1:00AM
PR Newswire (US)
READING, Pa., Feb. 12 /PRNewswire-FirstCall/ -- Arrow
International, Inc. (NASDAQ:ARRO) announced today that its Board of
Directors approved payment of a dividend of $0.21 per share on its
outstanding common stock, payable on March 12, 2007 to shareholders
of record on February 26, 2007. The $0.21 per share quarterly
dividend represents an increase of $0.04 per share, or 23.5%, over
the dividend paid to the Company's shareholders in the previous
quarter. This is the fifty-ninth consecutive quarterly dividend
paid by the Company since its initial public offering on June 9,
1992 and the fourteenth consecutive year that the Company has
increased the amount of its annual dividend. Commenting on the
increase, Carl G. Anderson, Jr., Arrow's Chairman and Chief
Executive Officer, said, "This increase in our quarterly dividend
comes after we have completed our major capital expansion programs
in Mexico and the Czech Republic and underscores our confidence in
the Company's business initiatives for generating profitable sales
growth. This quarterly dividend translates into an annual dividend
of $0.84 per share and an annual dividend yield of 2.5%, based on
the most recent closing price of the Company's common stock."
Company Information Arrow International, Inc. develops,
manufactures and markets a broad range of clinically advanced,
disposable catheters and related products for critical and cardiac
care. The Company's products are used primarily by
anesthesiologists, critical care specialists, surgeons, emergency
and trauma physicians, cardiologists, interventional radiologists,
and other health care providers. Arrow International's news
releases and other company information can be found on the World
Wide Web at http://www.arrowintl.com/. The Company's common stock
trades on the NASDAQ Global Select Market(SM) under the symbol
ARRO. DATASOURCE: Arrow International, Inc. CONTACT: Frederick J.
Hirt, CFO of Arrow International, +1-610-478-3117 Web site:
http://www.arrowintl.com/
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