Allied Capital Corporation II increases quarterly dividend by 8% to 41 cents per share.WASHINGTON--(BUSINESS WIRE)--Nov. 7, 1996-- Annual extra distribution of 45 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. declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. Total annual distribution to shareholders increased 20% to $1.92 per share The board of directors of Allied Capital Corporation II (Nasdaq:ALII) today increased the company's quarterly cash dividend by 8% to 41 cents per share from 38 cents per share. This represents the seventh consecutive increase in the quarterly cash dividend. In addition, the company also declared an annual extra distribution of 45 cents per share. This is the seventh consecutive year that Allied Capital II has declared an annual extra "fifth" distribution. For 1996, including both of these dividends, the company has declared $1.92 per share in distributions, which represents a 20% increase over the 1995 total annual distribution of $1.60 per share. The regular quarterly dividend is payable as follows: -0-
Amount: 41 cents per share
Ex-dividend Date: Dec. 11, 1996
Record Date: Dec. 13, 1996
Payable Date: Dec. 31, 1996
The annual extra distribution is payable as follows:
Amount: 45 cents per share
Ex-dividend Date: Dec. 24, 1996
Record Date: Dec. 27, 1996
Payable Date: Jan. 31, 1997
-0- Allied Capital Corporation II is a business development company traded on the Nasdaq National Market, symbol ALII. 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 $2 to $8 million in small, 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 7,367,089 total shares outstanding. A recent quote of the stock as $19.75. Allied Capital II pays a regular quarterly dividend of 41 cents per share and has paid an extra distribution each year since inception INCEPTION. The commencement; the beginning. In making a will, for example, the writing is its inception. 3 Co. 31 b; Plowd. 343. Vide Consummation; Progression. . For 1996, Allied Capital II will distribute a total of $1.92 per share to shareholders. For 1995, Allied Capital II distributed a total of $1.60 per share; for 1994, distributions totaled $1.34 per share. Allied Capital II's stock is marginable. For additional information or a copy of the Company's annual report, please contact Allied Capital's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/973-6383, fax to 202/659-2053, or visit our world wide web site at www.alliedcapital.com. CONTACT: Allied Capital, Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. Suzanne Suzanne is a common female given name that was particularly popular in the United States in the 1950s and 1960s. It remained in the top 200 most popular names in the United States between 1930 and the late 1980s. Sparrow, 202/973-6326 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion