Beneficial Corporation announces dividend.WILMINGTON, Del.--(BUSINESS WIRE)--May 22, 1997--The board of directors of Beneficial Corporation (NYSE NYSE See: New York Stock Exchange : BNL BNL Brookhaven National Laboratory (Upton, NY) BNL Bibliothèque Nationale de Luxembourg (French) BNL Banca Nazionale del Lavoro BNL Berkeley National Laboratory BNL Bare Naked Ladies ) today voted a second-quarter common stock dividend of $0.52 per share to stockholders of record at the close of business June 2 and payable June 30, 1997. The annual dividend rate is $2.08 per share. The vote marks Beneficial's 272nd consecutive quarterly dividend. The company has paid cash dividends without interruption since 1929. The board also declared the regular semi-annual dividend of $2.25 per share on the $4.50 Dividend Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. and $1.25 per share on the 5% Cumulative Preferred Stock to stockholders of record at the close of business June 2, 1997, and payable June 30, 1997. The board also declared the regular quarterly dividend of $1.375 on the $5.50 Dividend Cumulative Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , payable July 31, 1997, to stockholders of record at the close of business July 1, 1997. Beneficial Corporation is a $17 billion, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stock Exchange-listed financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company. Subsidiaries of the Company provide financial services through their various consumer finance, credit card, banking and insurance operations located throughout the United States, Canada, the United Kingdom, Ireland and Germany. CONTACT: Beneficial Corp., Wilmington MEDIA CONTACT: Robert Wade 302/425-2500 or ANALYSTS CONTACT: John R. Engelhardt 302/425-2100 http://www.beneficial.com |
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