Burlington Northern Inc. declares dividends.FORT WORTH, Texas--(BUSINESS WIRE)--Jan. 19, 1995--Directors of Burlington Burlington, town, Canada Burlington, town (1991 pop. 129,575), SE Ont., Canada, on Lake Ontario. First settled (1798) by Mohawk Loyalist Joseph Brandt, Burlington's economy was built on the shipment of wheat, lumber, and quarried rock by waterway. Northern Inc. Thursday Thursday: see week. voted to pay a regular quarterly dividend of 30 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. on outstanding Common Stock. The directors also declared a dividend of 78-1/8 cents per share on the 6-1/4 percent 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". , Series A. Dividends on Common Stock will be paid on April 1, 1995, to shareholders of record March 8, 1995. Dividends on 6-1/4 percent Cumulative Convertible Preferred Stock, Series A will be paid on April 1, 1995, to shareholders of record March 8, 1995. Common shares outstanding on Dec. 31, 1994, totaled 89,223,821 and 6-1/4 percent Cumulative Convertible Preferred, Series A shares outstanding totaled 6.9 million. Headquartered in Fort Worth, BN is a world leader in providing high quality rail and transportation services. It operates the longest U.S. rail system based on miles of road and second main track, with 24,500 miles reaching across 25 states and two Canadian provinces Noun 1. Canadian province - Canada is divided into 12 provinces for administrative purposes province, state - the territory occupied by one of the constituent administrative districts of a nation; "his state is in the deep south" . CONTACT: Burlington Northern Inc., Fort Worth Richard A. Russack, 817/333-6116 |
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