ABM's Fourth Quarter Dividend Up 14 Percent.CHICAGO--(BUSINESS WIRE)--Sept. 16, 1997--The board of directors of ABM Industries Incorporated (NYSE NYSE See: New York Stock Exchange :ABM ABM: see guided missile. ABM - Asynchronous Balanced Mode ) today declared a fourth quarter cash dividend of $0.10 per common share for payment on Nov. 5, 1997 to stockholders of record on Oct. 15, 1997. This will be ABM's 126th consecutive quarterly cash dividend, and is 14.3 percent greater than the fourth quarter cash dividend of $0.0875 per share (post-split) in 1996. Last week, ABM reported all-time high revenues, net income and earnings per share for the third quarter and nine months that ended on July 31, 1997. ABM is the largest facility services contractor listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . With annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues approaching $1.4 billion and more than 50,000 employees, ABM provides air conditioning, elevator, engineering, janitorial, lighting, parking and security services to thousands of commercial, industrial and institutional customers in hundreds of cities nationwide. The ABM Family of Services includes American Building Maintenance, Ampco System Parking, American Commercial Security (ACSS ACSS Africa Center for Strategic Studies ACSS Aluminum Conductor Steel Supported (cable) ACSS African Crop Science Society ACSS Association of Computer Support Specialists ACSS Aviation Communication and Surveillance Systems ), Amtech Elevator, Amtech Lighting, ABM Engineering, CommAir Mechanical Services and Easterday Janitorial Supply. CONTACT: ABM Industries Incorporated Martinn Mandles, 213/879-7000 Website: http://www.abm.com |
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