Bush Industries declares 5-for-4 stock split; increases cash dividend 56.25 percent.JAMESTOWN, N.Y.--(BUSINESS WIRE)--Dec. 6, 1994--The board of directors of Bush Industries Inc. (NYSE NYSE See: New York Stock Exchange :BSH BSH Bosch und Siemens Hausgeräte GmbH (Germany) BSH Bausparkasse Schwaebisch Hall (German Building Society) BSH Bourne Shell BSH Bundesamt für Seeschiffahrt und Hydrographie ), a leading manufacturer of ready-to-assemble (RTA RTA renal tubular acidosis. RTA Renal tubular acidosis, see there ) furniture, declared a five-for-four stock split effectuated in the form of a 25 percent dividend payable Jan. 20, 1995, to stockholders of record on Jan. 6, 1995. In addition, the board increased the quarterly cash dividend 56.25 percent, after taking into account the stock split, from 1.6 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. to 2.5 cents per share, payable March 24, 1995 to stockholders of record on March 10, 1995. "These actions were taken as part of our continuing program to enhance stockholder value and in recognition of the significant gains we have achieved in recent years and this year's anticipated earnings increase of over 50 percent." Paul S. Bush, chairman, president and chief executive officer, said. "We remain focused on the growth of the company and are committed to further strengthening our position in the RTA industry," he added. CONTACT: Porter LeVay & Rose Inc., 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 Hal Le Vay, 212/564-4700 |
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