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Omnicare Boosts Quarterly Dividend 44% To 3.25 Cents

DOW JONES NEWSWIRES Omnicare Inc.'s (OCR) board announced a 44% increase in its quarterly dividend as the provider of drugs to nursing homes and assisted-living centers becomes the latest to lift its payout. The increase to 3.25 cents per share, which will cost Omnicare some $4.7 million a year, comes as longtime Chief Executive Joel Gemunder abruptly retired last week. Days later, the company reported a 60% slump in second-quarter earnings and sharply reduced profit target for the year. In June, Omnicare's former chief operating officer departed. Still, the payout comes as companies across the spectrum have been raising dividends and starting or resuming stock-repurchase efforts after hoarding cash in the immediate aftermath of the financial crisis. Omnicare shares, higher ahead of news about the dividend, were recently up 1.7% at $20.28. The stock is down 18% this month. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Omnicare (OCR)
08/04/201517:41:03Statement of Changes in Beneficial Ownership (4)
07/31/201517:08:02Additional Proxy Soliciting Materials (definitive) (defa14a)
07/29/201517:29:55Current Report Filing (8-k)
07/29/201517:27:38Additional Proxy Soliciting Materials (definitive) (defa14a)
07/24/201508:10:40Quarterly Report (10-q)
07/24/201508:05:52Current Report Filing (8-k)
07/24/201508:00:24Omnicare Reports Second-Quarter 2015 Financial Results
07/21/201506:02:14Proxy Statement - Merger or Acquistion (definitive) (defm14a)
07/10/201509:00:42Omnicare to Report Second-Quarter 2015 Financial Results on Friday...
07/06/201515:41:47Additional Proxy Soliciting Materials (definitive) (defa14a)
07/02/201516:37:35Statement of Changes in Beneficial Ownership (4)
06/26/201517:16:54Proxy Statement - Merger or Acquistion (preliminary) (prem14a)
06/19/201516:15:00Omnicare's Series A and Series B Trust PIERS to Accrue Contingent...
06/16/201516:44:21Statement of Changes in Beneficial Ownership (4)
06/15/201508:20:08CVS to Buy Target Pharmacy Business
06/05/201516:20:30Current Report Filing (8-k)
05/29/201517:15:49Initial Statement of Beneficial Ownership (3)
05/29/201517:14:58Initial Statement of Beneficial Ownership (3)
05/29/201517:14:05Initial Statement of Beneficial Ownership (3)
05/29/201510:01:03What You Need to Know About CVS's $12.7 Billion Acquisition of...

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