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Stericycle Declares Dividend on Mandatory Convertible Preferred Stock

LAKE FOREST, Ill., Nov. 18, 2015 (GLOBE NEWSWIRE) -- Stericycle, Inc. (NASDAQ:SRCL) today announced that its board of directors has declared a dividend of $13.125 per share on the company's 5.25% Series A Mandatory Convertible Preferred Stock, to be paid in cash on December 15, 2015 to holders of record as of December 1, 2015. This equates to $1.3125 per depositary share, each of which represents a 1/10th interest in a share of the mandatory convertible preferred stock.

About Stericycle, Inc.

Stericycle, Inc., a U.S.-based business-to-business services company operating in 23 countries, is focused on solutions that protect people and brands, promote health and safeguard the environment. For more information about Stericycle, please visit our website at www.stericycle.com.

Safe Harbor Statement: This press release may contain forward-looking statements that involve risks and uncertainties, some of which are beyond our control (for example, general economic and market conditions). Our actual results could differ significantly from the results described in the forward-looking statements. Factors that could cause such differences include changes in governmental regulation of the collection, transportation, treatment and disposal of regulated waste, increases in transportation and other operating costs, the level of governmental enforcement of regulations governing regulated waste collection and treatment, our ability to execute our acquisition strategy and to integrate acquired businesses, competition and demand for services in the regulated waste industry, political, economic and currency risks related to our foreign operations, impairments of goodwill or other indefinite-lived intangibles, exposure to environmental liabilities, and compliance with existing and future legal and regulatory requirements, as well as other factors described in our filings with the U.S. Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K. As a result, past financial performance should not be considered a reliable indicator of future performance, and investors should not use historical trends to anticipate future results or trends. We make no commitment to disclose any subsequent revisions to forward-looking statements.

CONTACT: Stericycle Investor Relations (847) 607-2012

Source:Stericycle, Inc.