CENTRAL PARKING CORPORATION DECLARES INITIAL CASH DIVIDEND OF $0.03 PER SHARE.NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 18, 1995--Monroe J. Carell, Jr., Chairman and Chief Executive Officer of Central Parking Corporation (NYSE NYSE See: New York Stock Exchange :PK), today announced that the Board of Directors has declared an initial quarterly cash dividend of $0.03 (three cents) per share of common stock. The dividend is payable January 5, 1996, to shareholders of record as of December 29, 1995. Carell remarked, "The Board's action today follows the establishment of a policy of declaring regular, quarterly cash dividends. Future payments will depend, of course, on the Company's financial performance and capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. . Our intent, however, is to provide an increasing cash return to shareholders commensurate with the Company's continuing growth." Central Parking Corporation is an international provider of parking and transportation services. The Company operates over 1,230 parking facilities containing approximately 475,000 spaces located in 31 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , the United Kingdom and Mexico. The Company also provides parking consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" in Malaysia and Spain and has a business development office in Amsterdam. CONTACT: Central Parking Corp., Nashville Stephen Tisdell, 615/297-4255 |
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