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 27, 1995--At their regular quarterly meeting on April 26, 1995, the board of directors of BancorpSouth Inc. (NASDAQ/NMS:BOMS) declared a quarterly cash dividend of $.30 per share payable July 2, 1995, to shareholders of record June 15, 1995. BancorpSouth previously reported 1995 first quarter earnings of $7.0 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 $.80 per share compared with first quarter earnings in 1994 of $5.4 million and $.62 per share on a fully diluted basis. The results of the first quarter of 1995 and 1994 have been restated to reflect the results of the merger of LF Bancorp Inc. with and into BOMS, accounted for as a "pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. ." The merger was completed on March 31, 1995. 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, 601/680-2330 Gary. C. Bonds, 601/680-2332 |
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