Continuously serving Kosciusko County since 1854
Biomet Inc. announced today that its board of directors declared a cash dividend of 16 cents per share, payable July 17 to shareholders of record at the close of business on July 10. Cash dividend is payable on the pre-split common shares.
The company also announced that its board of directors has declared a three-for-two stock split in its outstanding common shares, to be distributed on or around Aug. 8 to shareholders of record as of July 18.
Dane A. Miller, Ph.D., Biomet president and chief executive officer, said, "The declaration of this dividend and the three-for-two stock split is an expression of appreciation for the continued support of our shareholders as the company completes its first quarter with annualized sales exceeding $1 billion."
Biomet also today reported record sales and earning results for its fiscal year and fourth quarter ended May 31.
During the fourth quarter of fiscal year 2000, net income was $50.621 million, resulting in a 22 percent increase compared with net income.
All of Biomet's financial information may be obtained on the Web at biomet.com or for further information, contact Biomet via e-mail at investor.relations@biometmail.com
