The board of directors of Cantel Medical Corp (NYSE:CMD), a medical device company, declared on Wednesday its semiannual dividend of USD0.085 per outstanding share of its common stock.
In conjunction, the company's new payment is an increase from the prior dividend of USD0.07 per outstanding share of its common stock.
This higher cash dividend is due on 31 January 2018 to shareholders of record at the close of business as of 17 January 2018.
According to the company's board chairman Charles M. Diker, the increase in dividend will raise its annual payment from USD0.14 to USD0.17 per share. This is the eight consecutive year that it has increased its dividend. The 21% increase is a direct result of its continued success and demonstrates its confidence in future performance.
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