CHAMPION INTERNATIONAL CORPORATION DECLARES DIVIDENDS.STAMFORD, CT--(BUSINESS WIRE)--May 18, 1995--The board of directors of Champion International Corporation today declared regular quarterly dividends on the company's common stock and cumulative convertible preference stock. A quarterly dividend of five 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 Champion's common stock will be paid on July 13, 1995, to holders of record on June 16, 1995. A quarterly dividend of $23.125 per share on Champion's cumulative convertible preference stock will be paid on June 30, 1995, to holders of record on June 16, 1995. Champion is one of America's leading manufacturers of paper for business communications, commercial printing, publications, and newspapers. Headquartered in Stamford, CT, the company owns or manages more than five million acres of forestlands in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and is also a major manufacturer of plywood plywood, manufactured board composed of an odd number of thin sheets of wood glued together under pressure with grains of the successive layers at right angles. Laminated wood differs from plywood in that the grains of its sheets are parallel. and lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to . CONTACT: Champion International Corp. Mary E. Green, 203/358-7900 |
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