SunLink Health Systems to pay $0.10 special cash dividend

Published 24/07/2025, 18:08
SunLink Health Systems to pay $0.10 special cash dividend

ATLANTA - SunLink Health Systems, Inc. (NYSE American:SSY), a healthcare company with a market capitalization of $8.27 million, has provided details regarding its previously announced special cash dividend of $0.10 per share, according to a company press release issued Thursday. This marks a significant shift for the company, which according to InvestingPro data, has historically not paid dividends to shareholders.

The healthcare company clarified that trades of SunLink common stock made during the period from July 29, 2025 (the record date) through July 30, 2025 (the payment date) will have a due bill attached for the special cash dividend.

Due bills ensure that buyers who purchase shares during this period will receive the dividend, while sellers during this period will not be entitled to it. Investors wishing to receive the dividend must hold SunLink common stock through the payment date of July 30, 2025.

The company noted that due bill obligations are settled between brokers representing buyers and sellers, and SunLink has no obligations regarding either the amount or processing of due bills.

SunLink Health Systems is the parent company of subsidiaries that own and operate pharmacy businesses in the Southeast United States.

The dividend announcement comes as SunLink is involved in a proposed merger with Regional Health Properties. The merger, which was detailed in a joint proxy statement/prospectus sent to shareholders of both companies on or about June 30, 2025, is pending shareholder approval.

The company’s press release included cautionary statements about forward-looking statements and additional information about the proposed merger transaction.

In other recent news, SunLink Health Systems, Inc. announced a special cash dividend of $0.10 per share as part of its proposed merger with Regional Health Properties, Inc. This dividend will be distributed to shareholders of record as of July 29, 2025, with payment scheduled for July 30, 2025. The total payout is expected to be approximately $704,600, based on the company’s 7,040,603 outstanding shares. The merger agreement, initially announced in January 2025 and revised in April 2025, outlines that SunLink will merge with and into Regional Health Properties, with the latter surviving the merger. These developments are part of the ongoing process related to the merger, which has been a focus for SunLink Health Systems. The announcement of the dividend aligns with the terms of the amended and restated merger agreement.

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