Lincare initiates dividend

The board of directors of Lincare Holdings Inc., a health care services business, will begin issuing dividend payments to stockholders. The company will pay out its first $0.20 dividend on July 29.

"The initiation of a cash dividend reflects our confidence in the company's long-term growth opportunities and financial strength,” said Lincare CEO John Byrnes.

Byrnes added that his company would also use future operating cash flow for investments, acquisitions, and the payment of long-term obligations.