January 20, 2010 (FinancialWire) — The Female Health Co. (NASDAQ: FHCO) said that its board of directors has declared a quarterly cash dividend of $0.05 per share. The dividend is payable February 16, 2010 to stockholders of record as of January 29, 2010. The cash dividend is the first in the company’s history.

The initial quarterly dividend of $0.05 provides an annualized yield of 4.2% to shareholders, based upon the stock’s Friday, January 15th closing price of $4.72 per share.

The company also reiterated its previously reported guidance that fiscal 2010 unit sales are expected to increase 20% to 25%, when compared with fiscal 2009 results, and that operating earnings should increase 35% to 40% over the $6.2 million in operating income recorded in fiscal 2009 (exclusive of a one-time restructuring charges relating to the transition from FC1 to FC2, which were $1.5 million in fiscal 2009 and are estimated to be approximately $1.7 million in fiscal 2010).

Chicago-based Female Health manufactures and markets the FC2 Female Condom, which is available in about 100 countries around the world. The company owns certain worldwide rights to the FC2 Female Condom, including patents that have been issued in Europe, Canada, Australia, South Africa and the People’s Republic of China and are pending in various other countries.  

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