Calprop declares preferred stock dividend.LOS ANGELES--(BUSINESS WIRE)--March 14, 1995--Calprop Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :CPP cpp - C preprocessor. ), a California home builder, Tuesday reported that the company's board of directors has declared a dividend of $0.0381 per share to shareholders of the company's 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 dividend will be paid on March 31, 1995, to preferred shareholders of record on Dec. 31, 1993. Victor Zaccaglin, Calprop's chief executive officer, stated: "We are pleased to pay this preferred stock dividend as it substantiates the faith our shareholders put in us seventeen months ago. We take great pride in following through on our commitment to those shareholders who purchased our preferred stock in September of 1993. "It is important to note that we could not have declared this dividend without the approval of our lead banking institution, First Interstate Bank of California The Bank of California was founded in San Francisco, California on July 5, 1864 by William Chapman Ralston. It was the first commercial bank in the Western United States, the second-richest bank in the nation, and considered instrumental in developing the American Old West. ." Calprop, based in Los Angeles, builds quality homes in some of the most desirable communities in both Northern and Southern California. The company's common stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol CPP. CONTACT: Calprop Corp., Los Angeles Mark Spiro, 310/306-4314 or The Financial Relations Board Daniel Saks, 818/783-2400, general info Lillian Armstrong, 415/986-1591 |
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