Aon Announces Dividend Increase and Stock Split.CHICAGO--(BUSINESS WIRE)--March 21, 1997--Aon Corporation (Symbol AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) today increased its quarterly cash dividend from $0.36 per common share to $0.39. The new cash dividend is payable on May 14, 1997 to common stockholders of record as of the close of business on May 1, 1997. The year 1997 marks the 46th consecutive year of cash dividend increases on common shares for the company, an accomplishment equaled by few other 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. companies. Aon Corporation's board of directors also approved a three-for-two stock split, payable in the form of a stock dividend of one common share for every two shares held. The stock dividend will also be payable May 14, 1997 to stockholders of record as of the close of business on May 1, 1997. The increased cash dividend payable on May 14, 1997 will be paid on pre-split common shares. The quarterly cash dividend rate, as adjusted for the split, would be $0.26. Aon also declared its quarterly cash dividend of $0.50 on the 8% Cumulative Perpetual Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. (Symbol AOCPrA). The cash dividend is payable on May 1, 1997 to stockholders of record as of the close of business on April 17, 1997. Aon is an insurance services holding company owning a family of insurance brokerage, consulting and consumer insurance companies. Aon securities are listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . CONTACT: Aon Corporation William J. Fasel, 312/701-3983 |
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