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Dentsply declares cash dividend

Posted on 13/05/2009 in Dental Supplier News

Dentsply has declared a quarterly cash dividend.

On July 7th, $0.05 (0.032 pounds) per share of common stock will be paid out.

Holders of record on June 26th will be eligible for the dividend ? which is an indicated annual rate of $0.20 per share.

Last month, the company announced its financial figures for the first quarter of 2009.

Net sales were $506.9 million ? a decrease of 9.6 per cent compared to the same period last year ? and net income was $61.7 million.

Chairman and chief executive officer of the company Bret Wise asserted the figures were strong considering the slowing global economy.

He noted the firm was able to invest in technologies - while also containing costs ? and had marketed itself so the business will be in a good position to grow in coming years.

"Our global diversification, depth of product lines and the strength of our balance sheet provide a solid foundation to further build upon our market position throughout economic cycles," said Mr Wise.

Due to the global economic conditions, the company is modifying its full year 2009 earnings per diluted share.

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