HealthSouth (HLS) Raises Quarterly Dividend 9.5% to $0.23; 2% Yield

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HealthSouth Increases And Declares Dividend On Common Stock

July 16, 2015 4:30 PM EDT

BIRMINGHAM, Ala., July ­16, 2015 /PRNewswire/ -- HealthSouth Corporation (NYSE: HLS) today announced that its board of directors has approved an increase in the Company's quarterly dividend of 9.5% and has declared a quarterly cash dividend on its common stock of $0.23 per share. The dividend will be payable on October 15, 2015 to holders of record on October 1, 2015.  

The Company's 2.0% Convertible Senior Subordinated Notes include antidilutive protection that, in the event of certain payments of common dividends, provides for an increase in the number of shares of common... More