Angelica Declares Increased Dividend.Business Editors ST. LOUIS--(BUSINESS WIRE)--Nov. 27, 2002 Angelica angelica (ănjĕl`ĭkə), any species of the genus Angelica, plants of the family Umbelliferae (parsley family), native to the Northern Hemisphere and New Zealand, valued for their potency as a medicament and protection against Corporation (NYSE NYSE See: New York Stock Exchange :AGL (programming) AGL - (Atelier de Genie Logiciel) French for IPSE. ) announced today that the Board of Directors has increased the quarterly dividend on its Common Stock to $.10 per share from $.08 per share. The increased dividend will be payable January 1, 2003 to shareholders of record on December 13, 2002. Don W. Hubble, Chairman, President and Chief Executive Officer of Angelica said, "This dividend increase recognizes - - and shares with our shareholders - - the significant improvement we are seeing in our fiscal 2003 results and also indicates management's confidence in Angelica's future prospects." He went on to say, "We recognize the so-called `double taxation' issue with cash dividends, but we believe that dividends are a valuable component of total shareholder value. Furthermore, our dividend payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. will not hamper growth in any of our business activities." Angelica Corporation, traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AGL, provides textile rental and laundry services to healthcare institutions, and operates a national chain of retail healthcare uniform and shoe stores with a fully-integrated catalogue and e-commerce operation. |
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