BATESVILLE, Ind., Dec. 3, 2010 /PRNewswire-FirstCall/ -- The board of directors of Hillenbrand, Inc. (NYSE: HI) has declared a regular quarterly cash dividend of $0.19 per share on the company's common stock. On an annual basis, this is an increase of $0.01 per share over the previous rate of $0.75 per share. The dividend is payable December 31, 2010, to shareholders of record at the close of business on December 15, 2010.
"The board's decision to again increase the dividend is an important component of the company's mission of increasing shareholder value," said Kenneth A. Camp, Hillenbrand president and CEO. "The dividend, when coupled with our strategy for organic and acquisition growth, will provide significant total shareholder return."
About Hillenbrand, Inc.
Hillenbrand (www.HillenbrandInc.com) is a diversified enterprise with multiple subsidiaries focused around two separate operating businesses. Batesville Casket (www.batesville.com) is a leader in the North American death care industry through the sale of funeral services products, including burial caskets, cremation caskets, containers and urns, selection room display fixturing, and other personalization and memorialization products. K-Tron International (www.ktroninternational.com) is a recognized leader in the design, production, marketing and servicing of material handling equipment and systems. The company serves many different industrial markets through two product lines. The Process Group focuses primarily on feeding and pneumatic conveying equipment, doing business under two main brands: K-Tron Feeders and K-Tron Premier. The Size Reduction Group concentrates on size reduction equipment, conveying systems and screening equipment, operating under three brands: Pennsylvania Crusher, Gundlach and Jeffrey Rader. HI-INC-F
SOURCE Hillenbrand, Inc.