Sealy Corporation announced that its board of directors has declared a cash dividend for its second quarter 2006 of $0.075 per share of common stock. The dividend will be payable on August 1, 2006, to stockholders of record on July 14, 2006.
“We are pleased to declare our first dividend since becoming a public company in April 2006,” said David J. McIlquham, Sealy's Chairman and Chief Executive Officer. “Our dividend program is just one way the Company intends to provide value to shareholders over the long-term as our earnings grow and as we continue to strengthen our balance sheet.”
Sealy also announced that it will host a conference call to discuss its fiscal second quarter 2006 results on Wednesday, July 12, 2006 at 5:00 P.M. Eastern time. Hosting the call will be Mr. David J. McIlquham, Chairman and Chief Executive Officer, Mr. James B. Hirshorn, Senior Executive Vice President – Finance, Operations and R&D and Mr. Jeffrey C. Ackerman, Executive Vice President and Chief Financial Officer. A press release with fiscal second quarter 2006 financial results will be issued at the close of trading on, July 12, 2006.
Sealy is the largest bedding manufacturer in the world with sales of nearly $1.5 billion in 2005. The company manufactures and markets a broad range of mattresses and foundations under the Sealy, Sealy Posturepedic, Stearns & Foster, and Basset brands.
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