Becton Dickinson Declares Stock Split and Quarterly Dividend.FRANKLIN Franklin, cities, United States Franklin. 1 City (1990 pop. 12,907), seat of Johnson co., S central Ind., inc. 1823. It is a farm trade center. Manufactures include auto parts, aluminum doors and windows, and copper panels. LAKES, N.J.--(BUSINESS WIRE)--July 28, 1998--The Board of Directors of Becton Dickinson BD (NYSE: BDX), is a medical technology company that manufactures and sells medical devices, instrument systems and reagents. Founded in 1897 and headquartered in Franklin Lakes, New Jersey, BD employs 27,000 people in nearly 50 countries. and Company (NYSE NYSE See: New York Stock Exchange :BDX BDX Bordeaux (France) BDX Becton-Dickinson and Company (stock symbol) BDX Business Document Exchange BDX Burst Detector X BDX Beacon Data Extractor ), meeting here today, has declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. a two-for-one stock split and its regular quarterly dividend. Two-For-One Stock Split The two-for-one stock split, payable August 20, 1998 to shareholders of record on August 10, 1998, will be the company's fourth split since 1986, and will increase the total shares outstanding to approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 247 million. Clateo Castellini, Chairman, President and Chief Executive Officer, said, "Our recent performance has been very strong with excellent growth. The stock market has recognized this performance with a stock price that has more than doubled in the last two years. A stock split at this time demonstrates our confidence in continued outstanding performance." Regular Quarterly Dividend The company also announced its regular quarterly dividend, after giving effect to the stock split, of 7 1/4 cents per common share, payable on September September: see month. 30, 1998, to holders of record on September 9, 1998. The company noted that it last increased its dividend effective with the first payment in 1998. The company has increased its dividend annually for more than 25 consecutive years. Becton Dickinson and Company manufactures and sells a broad range of medical supplies and devices and diagnostic systems for use by health care professionals, medical research institutions and the general public. For its most recent fiscal year the company reported revenues of $2.8 billion. This press release may contain certain forward looking statements (as defined under Federal securities laws) regarding the company's performance, including future revenues, products and income, which are based upon current expectations of the company and involve a number of business risks and uncertainties. Actual results could vary materially from anticipated results described in any forward looking statement. Factors that could cause actual results to vary materially include, but are not limited to, competitive factors, changes in regional, national or foreign economic conditions, changes in interest or foreign currency exchange rates, delays in product introductions, and changes in health care or other governmental regulation, as well as other factors discussed herein and in the company's filings with the Securities and Exchange Commission.
CONTACT: Becton Dickinson
R. Jasper (201) 847-7160
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