HealthStream Announces Quarterly Cash Dividend

Rhea-AI Summary

HealthStream, Inc. (Nasdaq: HSTM) has declared its first quarterly cash dividend of $0.025 per share, which will be payable to stockholders of record on April 17, 2023, with a payment date of April 28, 2023. This announcement follows the company's earlier earnings release on February 20, 2023, where the dividend policy was disclosed. HealthStream continues to be a leader in healthcare technology solutions, focusing on empowering healthcare professionals with workforce solutions to enhance patient care.

Positive

• First quarterly cash dividend declared at $0.025 per share.
• Dividend payment date set for April 28, 2023.
• Company demonstrates confidence in sustaining dividends.

Negative

• Risks associated with the continuation of the dividend policy due to legal requirements and contractual restrictions.
• Forward-looking statements indicate uncertainty in future performance, potentially affecting dividend sustainability.

NASHVILLE, Tenn.--(BUSINESS WIRE)-- HealthStream, Inc. (the “Company”) (Nasdaq: HSTM), a leading healthcare technology platform for workforce solutions, announced today that, as previously disclosed in the Company’s earnings release dated February 20, 2023, the Board of Directors has declared the Company’s first quarterly cash dividend under its dividend policy announced in such earnings release in the amount of $0.025 per share of the Company’s outstanding common stock, which dividend will be payable to stockholders of record as of the close of business on April 17, 2023, with a payment date of April 28, 2023.

About HealthStream

HealthStream (Nasdaq: HSTM) is the healthcare industry’s largest ecosystem of platform-delivered workforce solutions that empowers healthcare professionals to do what they do best: deliver excellence in patient care. For more information about HealthStream, visit www.healthstream.com.

This press release includes certain forward-looking statements (statements other than solely with respect to historical fact) that involve risks and uncertainties regarding HealthStream. These statements are based upon management’s beliefs, as well as assumptions made by and data currently available to management. This information has been, or in the future may be, included in reliance on the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company cautions that forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by the forward-looking statements, including, without limitation, legal requirements and contractual restrictions which may affect the continuation of our quarterly cash dividend policy, which may be modified, suspended or canceled in any manner and at any time that our Board may deem necessary or appropriate, as well as risks referenced in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed on February 28, 2023, and in the Company’s other filings with the Securities and Exchange Commission from time to time. Consequently, such forward-looking information should not be regarded as a representation or warranty or statement by the Company that such projections will be realized. Many of the factors that will determine the Company’s future results are beyond the ability of the Company to control or predict. Readers should not place undue reliance on forward-looking statements, which reflect management’s views only as of the date hereof. The Company undertakes no obligation to update or revise any such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230406005115/en/

Mollie Condra, Ph.D.

HealthStream

(615)-301-3237

mollie.condra@healthstream.com

Source: HealthStream, Inc.

FAQ

What is the dividend amount announced by HealthStream (HSTM)?

HealthStream has announced a quarterly cash dividend of $0.025 per share.

When is the dividend payment date for HSTM?

The dividend payment date for HealthStream is set for April 28, 2023.

What are the risks associated with HealthStream's dividend policy?

The company's dividend policy may be modified, suspended, or canceled due to legal and contractual constraints.

When was the dividend policy first disclosed by HealthStream?

The dividend policy was first disclosed on February 20, 2023, during the earnings release.