LITTLE FALLS, N.J., Nov. 1, 2012 /PRNewswire/ -- CANTEL MEDICAL CORP. (NYSE: CMN) announced today that its Board of Directors approved an increase in its semiannual cash dividend to $0.055 per outstanding share of the Company's Common Stock. The dividend is payable on December 14, 2012 to shareholders of record at the close of business on November 14, 2012.
Charles M. Diker, Chairman of the Board, said, "We are pleased to announce the dividend increase, which will raise our annual dividend payment from $0.0934 to $0.11 per share. The increase demonstrates Cantel's strong financial position and our confidence in Cantel's future performance. We are accelerating our January 2013 semi-annual dividend into 2012 to give shareholders the benefit of the current tax rate on dividends."
Cantel Medical Corp. (NYSE: CMN) is a leading provider of infection prevention and control products in the healthcare market. Our products include water purification equipment, sterilants, disinfectants and cleaners, specialized medical device reprocessing systems for endoscopy and renal dialysis, disposable infection control products primarily for dental and GI endoscopy markets, dialysate concentrates and other dialysis supplies, hollow fiber membrane filtration and separation products for medical and non-medical applications, and specialty packaging for infectious and biological specimens. We also provide technical maintenance for our products and offer compliance training services for the transport of infectious and biological specimens.
For further information, visit the Cantel website at www.cantelmedical.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties, including, without limitation, the risks detailed in Cantel's filings and reports with the Securities and Exchange Commission. Such forward-looking statements are only predictions, and actual events or results may differ materially from those projected or anticipated.
SOURCE Cantel Medical Corp.