Allied Capital Corp. increases regular dividend by 8% to 26 cents per share from 24 cents per share.WASHINGTON--(BUSINESS WIRE)--Feb. 15, 1996--The board of directors of Allied Capital Corp. (ALLC ALLC Association for Literary and Linguistic Computing ALLC Allied Capital Corporation (stock symbol) ALLC Army Logistics Leadership Center (Red River Defense Complex, Texarkana, TX) ) declared the company's quarterly dividend in the amount of 26 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. , which represents an 8% increase over the fourth quarter dividend of 24 cents per share paid on Dec. 29, 1995. This is the third consecutive quarterly dividend increase the company has announced. The dividend paid in December reflected a 9% increase over the prior quarterly dividend and the dividend paid in September reflected a 10% increase over the prior quarterly dividend. The company has paid regular quarterly cash dividends every quarter and an annual extra dividend every year since 1964. The company is currently in the subscription period for its 1-for-7, non-transferable rights offering. Shareholders who participate in the offering will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to receive this increased dividend on any shares purchased through the offering. The subscription rights for this offering will expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on Feb. 27, 1996. The first quarter dividend is payable as follows: -0-
Amount: 26 cents per share
Ex-Dividend Date: March 13, 1996
Record Date: March 15, 1996
Payment Date: March 29, 1996-0-
Allied Capital Corp. is a publicly traded business development company, headquartered in Washington, D.C. traded on Nasdaq National Market, symbol ALLC. The company makes long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investments ranging in size from $1 million to $7 million in small, private growing businesses throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . There are 6,228,126 total shares outstanding. Allied Capital pays a regular quarterly dividend of 26 cents per share and an annual extra distribution which is determined at year end. The company paid a total of $1.44 per share for the year ended Dec. 31, 1995, and paid a total of $1.40 per share, including a 60 cent per share annual extra distribution in the form of shares of Allied Capital Lending Capital lending is the process of a large company, or corporation, offering financing on large "ticket" items to encourage the customer to purchase that item. Many major corporations have set up finance divisions, or subsidiaries, to help the customer purchase their product over Corp., for the year ended Dec. 31, 1994. Allied Capital paid $1.35 per share in cash distributions for the year ended Dec. 31, 1993 and $1.32 per share for 1992. Allied Capital has paid regular quarterly distributions and an annual extra distribution since 1964. All numbers have been adjusted for stock splits. Allied Capital's stock is marginable. A recent quote of the stock was $13 3/8. For additional information, please contact Allied Capital's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/973-6334 or fax to 202/659-2053. CONTACT: Allied Capital, Washington Suzanne Sparrow, 202/973-6326 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion