HealthSouth Increases And Declares Dividend On Common Stock

HealthSouth Corporation (NYSE:HLS) today announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.24 per share. The dividend will be payable onOctober 17, 2016 to holders of record on October 3, 2016. The Company's 2.0% Convertible Senior Subordinated Notes include antidilutive protection that, in the event of certain payments of common dividends, provides for an increase in the number of shares of common stock issuable upon conversion. The dividend payment in October will trigger this antidilutive adjustment.