Hill-Rom Holdings, Inc. announced that its board of directors declared a 6% increase in the company's quarterly dividend rate, from the previous rate of $0.17 per share to $0.18 per share. The fiscal 2017 quarterly dividend is payable on March 31, 2017, to shareholders of record as of the close of business on March 24, 2017. The indicated annual dividend rate is $0.72 per share.

In addition, Hill-Rom shareholders elected Mary Garrett and Nancy M. Schlichting as new members of its board of directors, along with eight returning directors, at the company's Annual Meeting of Shareholders. Ms. Garrett most recently led Global Marketing for IBM Corporation, until her retirement in December 2015. Ms. Schlichting is the retired president and CEO of Henry Ford Health System in Detroit, Michigan, having served in that role until December 2016.