Associated Banc-Corp Declares Quarterly Cash Dividend and 25% Stock Dividend.GREEN BAY, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--April 22, 1998--Associated Banc-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 :ASBC ASBC American Society of Brewing Chemists (St. Paul, MN) ASBC American Small Business Coalition ASBC Air and Space Basic Course (USAF) ASBC Archaeological Society of British Columbia ) today announced the declaration of the company's regular quarterly cash dividend and the awarding of a 5-for-4 stock split to be effected as a 25 percent stock dividend. H.B. Conlon, chairman and chief executive officer of Associated Banc-Corp Associated Banc-Corp is a bank holding company headquartered in Green Bay, Wisconsin. As of early 2007, it had $20.8 billion in assets and was the 41st largest bank holding company in the United States.[1] The company has over 5101 employees. , reported that the company's board of directors approved a regular quarterly cash dividend of 29 cents ($0.29) per share of common stock. The board also approved a 5-for-4 stock split to be effected as a 25 percent stock dividend. Payable on May 15, 1998 to shareholders of record as of May 5, 1998, the regular quarterly cash dividend is the 112th consecutive quarter Associated has paid a dividend since its origin in 1970. Associated has 50.6 million shares of common stock outstanding to over 10,475 registered shareholders. The 5-for-4 stock split to be effected in the form of a 25 percent stock dividend is payable on June 12, 1998, to shareholders of record at the close of business on June 1, 1998. Any fractional shares Fractional share Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs. fractional share Less than one share of stock, that is, one-third or one-half a share. resulting from the dividend will be paid in cash. The announcement of the quarterly cash dividend and the 5-for-4 stock split to be effected in the form of a 25 percent stock dividend follows the company's announcement of its 1997 earnings reported at $0.79 per basic share, $0.78 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, 17.9 percent higher per basic share and 18.2 percent higher per diluted share than the previous year. Associated Banc-Corp, headquartered in Green Bay, WI., is a diversified multibank holding company Noun 1. multibank holding company - a bank holding company owning several banks bank holding company - a holding company owning or controlling one or more banks with over 225 banking locations in Wisconsin and Illinois. The $10.7 billion asset company offers a full range of traditional banking services and a variety of financially related products and services through other Associated affiliates. CONTACT: Associated Banc-Corp Analysts: Joseph B. Selner, 920/433-3203 Media: Jonathan Drayna, 920/433-3246 |
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