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AmSouth Bancorporation Board Increases Dividend 4.8 Percent.


Business Editors

BIRMINGHAM, Ala ALA aminolevulinic acid.
Ala alanine.
ala (a´lah) pl. a´lae   [L.] a winglike process.
.--(BUSINESS WIRE)--Oct. 18, 2001

AmSouth Bancorporation's (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
) Board of Directors today increased the company's quarterly dividend 4.8 percent to $.22 per common share, payable Jan. 2, 2002, to shareholders of record as of Dec. 19, 2001.

AmSouth holds Moody's Investors Service's "Dividend Achiever" designation for increasing dividends for 31 consecutive years. In addition, Standard & Poor's includes AmSouth among its list of "dividend aristocrats," defined as companies that offer above average long-term total-return potential as well as a measure of stability and security.

About AmSouth

AmSouth is a regional bank holding company headquartered in Birmingham with $38.2 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 annuity: see insurance.
annuity

Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities.
 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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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 18, 2001
Words:183
Previous Article:Charles D. McCrary Elected To AmSouth Board of Directors.
Next Article:Minerals Technologies Inc. Declares Regular Quarterly Dividend.
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