Span-America Medical Systems, Inc. (NASDAQ: SPAN) announced today that the Board of Directors approved a 13.6% increase in the company’s quarterly cash dividend to 12.5 cents ($0.125) per share compared with the previous cash dividend of 11 cents ($0.11). The dividend is payable June 6, 2012, to shareholders of record on May 29, 2012. "The increase in the quarterly dividend underscores our excellent financial results during the first half of fiscal 2012 and our positive long-term outlook for the company. This marks our 90 th consecutive quarter of paying cash dividends and highlights our commitment to building long-term shareholder value,” stated Jim Ferguson, president and chief executive officer of Span-America. About Span-America Medical Systems, Inc. Span-America manufactures and markets a comprehensive selection of pressure management products for the medical market, including Geo-Matt®, PressureGuard®, Geo-Mattress®, Custom Care®, Span+Aids®, Isch-Dish®, Risk Manager® and Selan® products. We also supply custom foam and packaging products to the consumer and industrial markets. Through our wholly-owned subsidiary Span Medical Products Canada Inc., we manufacture and market the M.C. Healthcare Products brands of Maxxum, Advantage and Rexx bed frames as well as related case goods, tables and seating products for the long-term care market. Span-America’s stock is traded on The NASDAQ Global Market under the symbol “SPAN.” For more information, visit www.spanamerica.com or www.mchealthcare.com.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.