CPC INTERNATIONAL INCREASES DIVIDEND FOR 2ND TIME IN 12 MONTHS.ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--September 18, 1995-- The Board of Directors of CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. International Inc. today increased the quarterly dividend on the company's common stock by 5.6% to $.38 per share from $.36 per share, payable October 25, 1995, to shareholders of record on September 29, 1995. The company last increased the dividend in December 1994, and together the two increases represent growth in dividends to shareholders of 9% over the 12-month period ending October 1995. The combined increase reflects excellent earnings growth during the same period, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. C.R. Shoemate, chairman and chief executive officer of CPC. ABOUT CPC INTERNATIONAL: With sales of over $7.4 billion in 1994, CPC International Inc. is among the largest U.S. food companies and ranks as one of the 100 largest industrial companies in the U.S. In 1994, consumer foods accounted for 84% of the company's total sales. Best known among CPC's U.S. products are: Hellmann's and Best Foods Hellmann's and Best Foods are brand names that are used for the same line of mayonnaise and other food products. The Hellmann's brand is sold in the United States east of the Rocky Mountains, and also in Latin America, Europe, and Canada. mayonnaise, Mazola corn oil corn oil n. A pale yellow liquid obtained from the embryos of corn grains, used especially as a cooking and salad oil and in the manufacture of margarines. Noun 1. and margarine, Skippy peanut butter, Thomas' English muffins, Arnold breads, Mueller's pasta products, Karo KARO Kane Amateur Radio Operators (Kane, PA) syrup, and Knorr soups, sauces, and bouillons. Deriving more than 60% of its sales from operations outside the U.S. in 1994, CPC is one of the nation's most international food companies. CPC is also one of the largest corn refiners, with operations in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Latin America. Worldwide, CPC International has operations in 60 countries. CONTACT: CPC International Inc. Gale Griffin, Dir. Corp. Communications 201/894-2407 |
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