Annual extra cash dividend of 6 cents per share declared.WASHINGTON--(BUSINESS WIRE)--Dec. 16, 1994--Allied Capital Lending Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALCL ALCL Anaplastic Large Cell Lymphoma ALCL Assembly Line Communications Link ) Friday announced that it will pay an annual extra cash dividend of 6 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. . This annual extra cash dividend, which was previously declared without an exact amount, includes all of the Company's estimated remaining taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. . The relevant dates are as follows: -0-
Amount: $0.06 per share
Ex-Dividend date: Dec. 22, 1994
Record date: Dec. 29, 1994
Payment date: Jan. 27, 1995
-0- For 1994, Allied Capital Lending Corp. will pay a total of $1.08 per share to shareholders. This represents a yield of more than 8% at current market prices. While this annual extra cash distribution will actually be paid in 1995, the income will be taxable for 1994 and will be reported on the Form 1099 to be distributed in January. Allied Capital Lending Corp. is a publicly-traded small business lending company, headquartered in Washington, D.C. traded on Nasdaq NMS See NetWare Management System. , symbol ALCL. A recent quote of the stock was $13.25. There are 4,368,420 total shares outstanding. Allied Capital Lending Corp. pays a regular quarterly cash dividend of 27 cents per share and an annual extra cash distribution at year end, which will be 6 cents per share for 1994. For additional information or for a copy of the company's annual report, please contact Allied's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department at 202/331-1112 or fax to 202/659-2053. CONTACT: Allied Capital, Washington Suzanne Sparrow, 202/331-1112 |
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