CP&L Board Approves Dividend.RALEIGH, N.C.--(BUSINESS WIRE)--Sept. 19, 1997--Carolina Power & Light's board of directors, meeting today in Williamsburg, Va., declared dividends declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. on the company's common and preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . The quarterly common stock dividend of 47 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. is payable Nov. 1, 1997, to shareholders of record as of Oct. 10, 1997. Dividends at the prescribed rate for preferred stock are $1.25 per share on the $5.00 preferred; $1.05 per share on the $4.20 series and $1.36 per share on the $5.44 series. The preferred stock dividends are payable Jan. 2, 1998, to shareholders of record as of Dec. 17, 1997. CP&L provides electricity and energy services to more than 1.1 million customers in the Carolinas. CONTACT: Carolina Power & Light Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. , 919/546-6189 |
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