Tempur-Pedic raises dividend

08 May '07

1 min read

Tempur-Pedic International Inc announced its board of directors approved an increase in the quarterly dividend on its common stock, from 6 cents per share to 8 cents per share. The dividend for the second quarter of 2007 is payable on June 14, 2007, to shareholders of record on May 31, 2007.

President and CEO H. Thomas Bryant said, "Today's increase reflects our confidence in the company's growth prospects, as well as our strong cash flow and financial position. We are executing on our strategy to extend our global market leadership and deliver sustained, profitable growth."

Separately, the Company announced it has completed its annual meeting of stockholders for 2007. All of the nominees for director, including H. Thomas Bryant, Francis A. Doyle, Peter K. Hoffman, Sir Paul Judge, Nancy F. Koehn, P. Andrews McLane, Christopher A. Masto and Robert B. Trussell, Jr., were elected as directors. In addition, the ratification of the appointment of Ernst & Young LLP as the Company's independent auditors for the fiscal year ending 2007 was approved.

Tempur-Pedic International Inc

More Tempur-Pedic International Inc News... More Textiles News - United States Of America...