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AmSouth Bancorporation Board Increases Dividend 4.3 Percent; 33rd Year of Consecutive Dividend Increases; Yield Reaches 4.2 Percent.


Business Editors

BIRMINGHAM, Ala ALA aminolevulinic acid.
Ala alanine.
ala (a´lah) pl. a´lae   [L.] a winglike process.
.--(BUSINESS WIRE)--Oct. 15, 2003

AmSouth Bancorporation AmSouth Bancorporation was a bank holding company headquartered in Birmingham, Alabama, operated as a subsidiary of Regions Financial Corporation. AmSouth was previously known as First National Bank of Birmingham first organized in 1872.  (NYSE NYSE

See: New York Stock Exchange
:ASO ASO arteriosclerosis obliterans.
ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there
) announced today that its Board of Directors increased the company's quarterly dividend 4.3 percent to $.24 per common share, payable Jan. 2, 2004, to shareholders of record as of Dec. 19, 2003. Based on the new dividend rate, AmSouth's dividend yield as of October 14, 2003, would be 4.2 percent.

Standard & Poor's has selected AmSouth as one of its "dividend elite" companies offering the potential for above-average appreciation and income. In addition, AmSouth holds Mergent's "Dividend Achiever" designation for its record of increasing dividends for 33 consecutive years.

About AmSouth

AmSouth is a regional bank holding company with $44 billion in assets, 600 branch banking offices and more than 1,200 ATMs. AmSouth operates in Tennessee, Alabama, Florida, Mississippi, Louisiana and Georgia. AmSouth is a leader among regional banks in the Southeast in several key business segments, including consumer and commercial banking, small business banking, mortgage lending, equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
  • Control secondary market, offer the ability to up-grade and trade-in.
  • Converts cash buyers of small machines to larger, more expensive purchases.
, annuity and mutual fund sales, and trust and investment management services. AmSouth also offers a complete line of banking products and services at its web site, www.amsouth.com.
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Publication:Business Wire
Date:Oct 15, 2003
Words:193
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