Butler Manufacturing Company Increases Dividend 6.3%; Marks Seventh Consecutive Annual Dividend Increase.Business Editors KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo.--(BUSINESS WIRE)--Sept. 19, 2000 The board of directors of Butler Butler, city (1990 pop. 15,714), seat of Butler co., W Pa.; inc. as a borough 1817, as a city 1917. It is located in an area with coal, natural gas, oil, and limestone resources. Glass and plastic products, machinery, and abrasives are made. Manufacturing Company voted a 6.3% increase in its cash dividend to a new annual rate of $.68 per share. The increased quarterly dividend of $.17 per share compares with the $.16 per share previously paid. It is payable on October October: see month. 13, 2000 to shareholders of record on September September: see month. 29, 2000. "The dividend increase, the seventh in as many years, reflects the confidence we have in our future prospects," John Holland, president and chief executive officer, said. "We hope to increase the dividend over the long term at a rate that exceeds inflation, which should provide an improving cash return to Butler shareholders." Butler Manufacturing Company is the world's leading producer of pre-engineered building systems and is a supplier of specialty components and construction services for the nonresidential Adj. 1. nonresidential - not residential; "the commercial or nonresidential areas of a town"; "community colleges are typically nonresidential" residential - used or designed for residence or limited to residences; "a residential hotel"; "a residential quarter"; "a construction market. |
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