Belco Declares Dividends On 6-1/2% Convertible Preferred Stock.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 10, 2001 On August 10, 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 the second and third quarter 2001 dividends of $0.40625 per share per quarter 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 September September: see month. 15, 2001, to shareholders of record as of August 31, 2001. The indicated annual rate is $1.625 per share. Belco is an independent energy company engaged in the exploration, development, acquisition and production of natural gas and oil. |
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