Bombardier Inc. Announces a Dividend Increase and a Split of its Shares.Business Editors MONTREAL--(BUSINESS WIRE)--April 18, 2000 The Board of Directors of Bombardier Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A.)(TSE:BBD.B.) today approved an increase of the dividend on the common shares of the Corporation. The quarterly dividend will rise from $0.055 to $0.0675 per share. A dividend of $0.0675 per share on the Class A shares (multiple voting Noun 1. multiple voting - the act of voting in more than one place by the same person at the same election (illegal in U.S.) balloting, vote, voting, ballot - a choice that is made by counting the number of people in favor of each alternative; "there were only 17 ) and of $0.0675 per share on the Class B shares (subordinate voting) is therefore payable on May 31, 2000 to the shareholders of record at the close of business on May 19, 2000. Holders of Class B shares (subordinate voting) of record at the close of business on May 19, 2000 who have a right to a priority dividend at the rate of $0.003125 per share per year, payable by quarterly installments of $0.0007815, will receive the first installment of $0.0007815 per share on May 31, 2000. Split of shares At the annual meeting on Tuesday, June 20, 2000, the shareholders of Bombardier Inc. will be asked to approve a split of both Class A and Class B shares on a two-for-one basis. Upon shareholders' approval, the split will be effective for shareholders of record at the close of business, Montreal time, on Friday, July 7, 2000 and shareholders will be receiving the certificates representing the additional shares a few days later. The directors of Bombardier believe that the split will permit a larger distribution of the Corporation's shares and increase their marketability. Shareholders will receive the notice of meeting and other relevant information shortly. Bombardier Inc., a diversified diversified (di·verˑ·s manufacturing and service company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. recreational products. It is also a provider of 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. and asset management. The Corporation employs 56,000 people in 12 countries in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia, and more than 90 % of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended Jan. 31, 2000 totalled $13.6 billion. |
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