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BASKING RIDGE, N.J., Jan. 30, 2003 -- Hooper Holmes, Inc. (Amex: HH) today announced that its Board of Directors has declared an increase in the cash dividend for the common stock for 2003. The Company has increased its quarterly cash dividend by twenty-five percent from $0.01 per share to $0.0125 per share. The Board of Directors declared a cash dividend of $0.0125 per share payable on Friday, February 28, 2003 to all shareholders of record on Friday, February 14, 2003.
Jim McNamee, Chairman, President and Chief Executive Officer of Hooper Holmes, commented, "We are excited to take this opportunity to distribute more of our profits to our shareholders, and we expect to continue to generate more than enough cash in terms of working capital to grow and support our business. We are pleased that the Board has shown continued confidence in the Company's long-term business plan and strength of the markets the Company serves."
Hooper Holmes, Inc. provides health and other underwriting information on insurance policy applicants to the life insurance industry and independent medical examinations to the casualty claim and workers compensation markets. The Company provides these services through over 300 locations nationwide and in the United Kingdom.
Contacts:
Hooper Holmes, Inc.
Fred Lash, Chief Financial Officer
+1-908-766-5000
FD Morgen-Walke
Investors:
Lauren Levine/Lanie Fladell
Media:
Sean Leous
+1-212-850-5600, for Hooper Holmes, Inc.
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