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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; john.kell@dowjones.com

Stock News for Omnicare (OCR)
DateTimeHeadline
05/27/201510:59:00OMNICARE, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces...
05/27/201505:35:00SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation...
05/26/201516:23:00OMNICARE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA:...
05/26/201514:24:36Additional Proxy Soliciting Materials (definitive) (defa14a)
05/26/201511:26:00INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of...
05/26/201510:51:00Ryan & Maniskas, LLP Announces Investigation of Omnicare Inc.
05/22/201520:00:00SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into...
05/22/201517:28:30Current Report Filing (8-k)
05/22/201517:26:20Additional Proxy Soliciting Materials (definitive) (defa14a)
05/22/201517:10:19Additional Proxy Soliciting Materials (definitive) (defa14a)
05/22/201510:57:00SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation...
05/22/201510:27:00Finkelstein Thompson LLP Investigates Potentially Unfair Buyout...
05/22/201510:08:00SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders...
05/21/201520:30:46For CVS, Big Bet On Pricey Medicines
05/21/201517:10:00WeissLaw LLP: Omnicare, Inc. Sale Under Legal Investigation
05/21/201516:49:40Additional Proxy Soliciting Materials (definitive) (defa14a)
05/21/201516:45:20Additional Proxy Soliciting Materials (definitive) (defa14a)
05/21/201516:43:07Current Report Filing (8-k)
05/21/201516:39:40Additional Proxy Soliciting Materials (definitive) (defa14a)
05/21/201516:05:43Omnicare Declares Quarterly Cash Dividend

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