Alleghany Corporation Announces Dividend.Business Editors NEW YORK--(BUSINESS WIRE)--March 20, 2002 The board of directors of Alleghany Corporation (NYSE NYSE See: New York Stock Exchange :Y) has declared, as the company's dividend on its common stock for the year 2002 a stock dividend consisting of one share of Alleghany common stock in respect of every 50 shares outstanding. The dividend will be distributed on April 26 to holders of record on April 1. Cash will be paid in lieu of Instead of; in place of; in substitution of. It does not mean in addition to. fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. of Alleghany stock. Alleghany anticipates making arrangements by which stockholders who so desire may instruct in·struct v. in·struct·ed, in·struct·ing, in·structs v.tr. 1. To provide with knowledge, especially in a methodical way. See Synonyms at teach. 2. To give orders to; direct. v. the company's transfer agent to sell the shares of Alleghany common stock distributable to them, and receive the cash proceeds. |
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