Belco Declares Dividend On 6-1/2% Convertible Preferred Stock.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 17, 2001 At its regular meeting on Jan. 16, 2001, the Board of Directors of Belco Oil & Gas Corp. (NYSE NYSE See: New York Stock Exchange :BOG bog, very old lake without inlet or outlet that becomes acid and is gradually overgrown with a characteristic vegetation (see swamp). Peat moss, or sphagnum, grows around the edge of the open water of a bog (peat is obtained from old bogs) and out on the surface. ) 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. the first quarter 2001 dividend of $0.40625 per share on the 6-1/2% Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of the Company (NYSE:BOGPR), payable March 15, 2000, to shareholders of record as of March 1, 2000. The indicated annual rate is $1.625. Belco is an independent energy company engaged in the exploration, development, acquisition and production of natural gas and oil. |
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