Board approves dividend.RALEIGH, N.C.--(BUSINESS WIRE)--March, 19, 1997--Carolina Power & Light's board of directors, meeting today in Raleigh, declared dividends declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. on the company's common and 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. . The quarterly common stock dividend of 47 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. is payable May 1, 1997, to shareholders of record as of April 10, 1997. The board had raised the common stock dividend to 47 cents in December, marking the 14th time in the last 15 years that the dividend was increased. Dividends at the prescribed pre·scribe v. pre·scribed, pre·scrib·ing, pre·scribes v.tr. 1. To set down as a rule or guide; enjoin. See Synonyms at dictate. 2. To order the use of (a medicine or other treatment). rate for preferred stock are $1.25 per share on the $5 series; $1.05 per share on the $4.20 series; $1.36 per share on the $5.44 series; $1.93 on the $7.72 series; and $1,9875 on the $7.95 series. The preferred stock dividends are payable July 1, 1997, to shareholders of record as of June 18, 1997. CP&L provides electricity and energy services to more that 1.1 million customers in the Carolinas. CONTACT: Carolina Power & Light Mike Hughes Mike Hughes (b. November 17, 1974) is an Canadian professional wrestler who has competed on the North American independent promotions throughout the late 1990s and early 2000s as a co-founder and mainstay of Real Action Wrestling [1] , 919/546-6189 www.cplc.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion