ABM Industries 1998 Quarterly Dividends Continue Up 20% over 1997.SAN FRANCISCO--(BUSINESS WIRE)--June 16, 1998--The Board of Directors of ABM Industries Incorporated (NYSE NYSE See: New York Stock Exchange :ABM) today declared a third quarter cash dividend of 12 cents per common share for payment on August 5, 1998 to stockholders of record on July 15, 1998. This will be ABM's 129th consecutive quarterly cash dividend, and is 20% greater than the third quarter cash dividend of 10 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. in 1997. Early last week, ABM reported "triple-doubles" (double-digit percentage increases in revenues, net income and net income per share) for the second quarter and first six months of fiscal 1998. ABM Industries Incorporated is the largest provider of outsourced facility services 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. sales in excess of $1.4 billion and more than 52,000 employees, ABM performs air conditioning, elevator, engineering, janitorial, lighting, parking and security services for thousands of commercial, industrial and institutional customers in hundreds of cities across North America. 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, Easterday Janitorial Supply, and ABM Facility Services.
CONTACT: ABM Industries Incorporated
William W. Steele, 415/733-4000
email: abmindinc@aol.com
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