TUCSON, Ariz., June 4, 2015 /PRNewswire/ -- The Providence
Service Corporation (Nasdaq: PRSC) (the "Company") today announced
that its Board of Directors has declared a cash dividend on its
5.5%/8.5% Series A convertible preferred stock. The dividend is
payable on July 1, 2015 to holders of
record as of 5:00 p.m. New York City time on June 15, 2015. The dividend will be paid at a
rate of 5.5% per annum, which is equal to approximately
$1.37123 per share of convertible
preferred stock.
About Providence Service Corporation
The Company is a Tucson,
Arizona-based company that provides and manages government
sponsored human services, innovative global employment services,
comprehensive health assessment and care management services, and
non-emergency transportation services. It offers: (1) non-emergency
transportation management services to state Medicaid programs,
local government agencies, hospital systems, health maintenance
organizations, private managed care organizations and commercial
insurers, as well as to individuals with limited mobility, people
with limited means of transportation, people with disabilities and
Medicaid members; (2) home- and community-based counseling
services, which include home-based and intensive home-based
counseling, workforce development, substance abuse treatment
services, school support services and correctional services; (3)
foster care and therapeutic foster care services; (4) case
management, referral and monitoring services; (5) social
improvement, employment and welfare services to various
international government bodies and corporations; and (6) in-home
comprehensive health assessment and care management services
primarily to Medicare Advantage programs. The Company is unique in
that it provides and manages its human services primarily in the
client's own home or in community based settings, rather than in
hospitals or treatment facilities and provides its non-emergency
transportation services through local transportation providers
rather than an owned fleet of vehicles.
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SOURCE Providence Service Corporation