Alabama National BanCorporation announces first ever dividend.SHOAL CREEK, Ala.--(BUSINESS WIRE)--Feb. 27, 1995--Alabama National BanCorporation (NASDAQ/NMS:ALAB ALAB Atomic Safety and Licensing Appeal Board ) has announced its first ever cash dividend in the amount of 20 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. per annum Per annum Yearly. . The board of directors of Alabama National BanCorporation approved the dividend which is payable quarterly beginning April 3, to all stockholders of record on March 14. This dividend is the first ever paid by the Corporation and is in line with its expressed intention prior to its Initial Public Offering last November to pay dividends of 15 to 20 cents per share per annum. At year end 1994, the Corporation reported record income of $3,223,000 up 23% over the prior year and earnings per share of $1.25. ``Our record earnings in 1994 along with the completion of our Initial Public Offering provided us with a great number of opportunities. We are very excited that our board could reward stockholders with the Corporation's first ever dividend,'' said James A. Taylor
Alabama National BanCorporation is a $271 million bank and thrift holding company with six institutions operating through 12 locations in Central and Southern Alabama. The Corporation's common stock is traded on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol ALAB. CONTACT: Alabama National BanCorporation, Shoal Creek Frank W. Whitehead, 205/995-8526 |
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