Approves scheduled installment payment on 7.50% tangible equity units
LOUISVILLE, Ky. (May 7, 2015) — Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND) announced that its Board of Directors approved the payment of the regular quarterly cash dividend to its common shareholders. The quarterly cash dividend of $0.12 per common share will be paid on June 10, 2015, to shareholders of record as of the close of business on May 20, 2015.
Kindred also today announced that its Board of Directors has approved payment of the scheduled June 1, 2015 installment payment of $18.75 per unit on the Company’s 7.50% Tangible Equity Units. The installment payment will be paid on June 1, 2015, to the holders of record as of 5 p.m. EST, on May 15, 2015. To the extent that any unit has been separated into its constituent purchase contract and its constituent share of mandatory redeemable preferred stock, the installment payment is payable only on the constituent share of mandatory redeemable preferred stock.
Future declarations of quarterly dividends and installment payments will be subject to the approval of Kindred’s Board of Directors.
About Kindred Healthcare
Kindred Healthcare, Inc., a top-85 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky with annual revenues of approximately $7.2 billion(1). At March 31, 2015, Kindred through its subsidiaries had approximately 102,600 employees providing healthcare services in 2,787 locations in 47 states, including 97 transitional care hospitals, 16 inpatient rehabilitation hospitals, 90 nursing centers, 21 sub-acute units, 664 Kindred at Home home health, hospice and non-medical home care sites of service, 100 inpatient rehabilitation units (hospital-based) and a contract rehabilitation services business, RehabCare, which served 1,799 non-affiliated sites of service. Ranked as one of Fortune magazine’s Most Admired Healthcare Companies for six years, Kindred’s mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer, employee and shareholder we serve. For more information, go to kindredhealthcare.com. You can also follow us on Twitter and Facebook.