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PHILADELPHIA - As companies facing a cash crunch cut dividends, dental products manufacturer Dentsply International Inc. said Tuesday it is boosting its quarterly payout by 11 percent.
| XRAY | 25.66 |  1.54 |
The York, Pa.-based company will pay a cash dividend of 5 cents per share on Jan. 9 to shareholders of record on Dec. 29.
In the previous quarter, Dentsply paid a 4.5-cent dividend.
Chief Executive Bret Wise said in a statement that the company continues to have "strong growth in earnings, despite difficult economic circumstances."
Shares added 25 cents to $37.54 in late afternoon trading.
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