Bando McGlocklin Plans to Grow Dividend.PEWAUKEE, 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)--Oct. 23, 1997--George R. Schonath, president and chief executive officer of Bando McGlocklin Capital Corporation (NASDAQ/NMS:BMCC BMCC bulk milk cell counts. ), told directors of the company today that he believes the company will maintain, if not increase, its current dividend of $0.72 per share in the years ahead. "Bando McGlocklin continues to be an important source of financing for small business," Schonath told the company's directors at their quarterly meeting. "We expect to expand our services to small business, including the leasing of real estate, generating additional income to be distributed to shareholders as dividends." Schonath told directors he knows of no reason for the recent weakness in the company's stock. "Speculation about the company following the September 8 spinoff Spinoff A new, independent company created through selling or distributing new shares for an existing part of another company. Notes: Spinoffs may be done through a rights offering. of InvestorsBancorp to shareholders of Bando McGlocklin was not based on a proper analysis of our income- producing capabilities or the positive impact of our operating subsidiaries An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. on earnings per share," he pointed out. "At $9 per share, Bando McGlocklin common stock has a price-earnings ratio Price-earnings ratio Shows the multiple of earnings at which a stock sells. Determined by dividing current stock price by current earnings per share (adjusted for stock splits). of less than 9, based on this year's earnings estimate, and a dividend yield of 8%," said Schonath. "Our stock clearly is trading at a level that does not reflect either our potential to increase earnings per share or our ability to grow the dividend." At Thursday's meeting, directors of Bando McGlocklin declared the regular quarterly dividend of $0.18 per share, payable November 15, 1997, to shareholders of record November 5. "In addition to the dividend income we distribute to shareholders, we see potential for significant earnings growth in our operating subsidiaries, especially the Lee Middleton Original Doll doll, small figure of a human being, usually used as a child's toy. The many types of dolls found among the relics of primitive peoples were cult objects. Egypt, Greece, and Rome have left well-preserved dolls of wood, clay, bone, ivory, and bronze that were used Company of Belpre, Ohio Belpre is a city in Washington County, Ohio, United States, along the Ohio River. It is a suburb of Parkersburg, West Virginia. The population was 6,660 at the 2000 census. The city was also the second settlement of the Northwest Territory after Marietta, Ohio. ," added Schonath. "As forecast in April 1997, we continue to believe that Lee Middleton Original Doll will earn $0.30 to $0.40 per share this year on revenues of approximately $17 million, an increase from 1996 revenues of $8.9 million and 1995 revenues of $4.5 million." The earnings of Lee Middleton Original Doll Company are in addition to the dividend income distributed to shareholders. Founded in 1980, Bando McGlocklin Capital Corporation operates two subsidiaries. Bando McGlocklin Small Business Lending Corporation makes real estate loans and provides other services to small businesses. Bando McGlocklin Investment Corporation has investments in two manufacturing companies. Certain matters discussed in this press release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " intended to qualify for the safe harbors Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from liability established by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "believes," anticipates," "expects" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those currently anticipated. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Bando McGlocklin Capital Corp. news releases are available on-line 24 hours a day at: http://www.businesswire.com/cnn/bmcc.htm CONTACT: Bando McGlocklin George R. Schonath, 414/523-4300 |
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