BancorpSouth, Inc. declares quarterly dividend.TUPELO tupelo, in botany tupelo: see black gum. Tupelo, city, United States Tupelo (t  `pĭlō, ty , Miss.--(BUSINESS WIRE)--April 23, 1997--At their regular quarterly meeting on April 23, 1997, the Board of Directors of BancorpSouth, Inc. (NASDAQ/NMS:BOMS) declared a quarterly cash dividend of $.19 per common share payable July 1, 1997, to shareholders of record June 15, 1997. BancorpSouth previously reported 1997 first quarter earnings of $11.6 million with fully 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. first quarter earnings of $.52 per share compared with first quarter earnings of 1996 of $9.4 million and $.45 per share on a fully diluted basis. BancorpSouth, Inc. currently operates Mississippi's third largest commercial bank, Bank of Mississippi, and Volunteer Bank in West Tennessee West Tennessee is one of the three Grand Divisions in the U.S. state of Tennessee. Of the three, it is the most sharply defined geographically. Its boundaries are the Mississippi River on the west and the Tennessee River on the east. . The common stock of the Company is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol BOMS. CONTACT: BancorpSouth, Inc., Tupelo L. Nash Allen, Jr., 601/680-2330 Gary C. Bonds, 601/680-2332 |
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