Butler Manufacturing increases dividend 20%; Marks third consecutive annual dividend increase.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. 17, 1996--The board of directors of Butler Manufacturing Company voted a 20% increase in its cash dividend to a new annual rate of $.48 per share. The quarterly dividend of $.12 per share, is an increase from the $.10 per share previously paid, and will be payable on October October: see month. 11, 1996 to shareholders of record as of the close of business on September September: see month. 27, 1996. "Our solid earnings progress has enabled us to boost our dividend payout pay·out n. 1. The act or an instance of paying out. 2. A percentage of corporate earnings that is paid as dividends to shareholders. for three consecutive years," Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. H. West, chairman and chief executive officer, said. "The investments we have made are showing good results and will provide us with the opportunity for further progress in the years ahead." Butler Manufacturing Company is the leading supplier of building systems, specialty components and construction services for the nonresidential construction market. CONTACT: John Holland Vice President - Finance (816) 968-3255 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion