Heska Announces Quarterly Dividend of $0.10 Per Share
LOVELAND, Colo., Sept. 17, 2012 /PRNewswire/ -- Heska Corporation (NASDAQ: HSKA), a provider of advanced veterinary diagnostic and other specialty veterinary products, today announced that its Board of Directors has declared a cash dividend of $0.10 per share to its stockholders. The dividend payment will be distributed on October 10, 2012 to stockholders of record as of September 28, 2012.
Participants in Heska's odd lot tender offer, which is scheduled to expire on October 2, 2012, are to receive this dividend regardless of whether the underlying shares have already been tendered or are tendered before or after the record date.
Dr. Robert Grieve, Heska's Chairman and CEO, commented, "We are pleased to return capital to our stockholders, both in the form of dividends and through our odd lot tender offer. We thank our stockholders for their ongoing support."
Heska Corporation (NASDAQ: HSKA - News) sells advanced veterinary diagnostic and other specialty veterinary products. Heska's state-of-the-art offerings to its customers include diagnostic instruments and supplies as well as single use, point-of-care tests, pharmaceuticals and vaccines. The Company's core focus is on the canine and feline markets where it strives to provide high value products and unparalleled customer support to veterinarians. For further information on Heska and its products, visit the company's website at www.heska.com.
This announcement contains forward-looking statements regarding Heska's future financial and operating results. These statements are based on current expectations and are subject to a number of risks and uncertainties. Investors should note that there is an inherent risk in using past results, including trends, to predict future outcomes. In addition, factors that could affect the business and financial results of Heska generally include the following: uncertainties regarding Heska's ability to sustain or successfully implement a routine quarterly cash dividend; uncertainties related to Heska's ability to maintain a given level of profitability, or profitability at all; uncertainties regarding the future tax treatment of dividends and the perceived desirability of continuing to pay a dividend under various tax structures which may be implemented through government action or inaction; uncertainties regarding Heska's ability to successfully market and sell its products in an economically sustainable manner; uncertainties related to the willingness of existing investors to maintain investment in Heska's stock; competition; uncertainties regarding Heska's reliance on third parties to whom Heska has granted substantial marketing rights to certain of Heska's existing products and who may be large Heska customers; risks related to Heska's reliance on third parties to develop certain of Heska's future products; uncertainties regarding Heska's ability to successfully commercialize new products; risks regarding Heska's reliance on third-party suppliers; and the risks set forth in Heska's filings and future filings with the Securities and Exchange Commission, including those set forth in Heska's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012.
SOURCE Heska Corporation