Case Corporation Declares First-Quarter Dividends.RACINE, Wis.--(BUSINESS WIRE)--Feb. 15, 1999--Case Corporation (NYSE NYSE See: New York Stock Exchange :CSE (Certified Systems Engineer) See Microsoft certification. ) announced that its board of directors has declared a first-quarter dividend of 5 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 its common stock. The dividend is payable on April 27, 1999, to stockholders of record at the close of business on March 26, 1999. Case's board also declared a quarterly dividend of $1.125 per share on the company's Series A Cumulative Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , and a quarterly dividend of $1.0625 on its Cumulative Convertible Second Preferred second preferred A class of preferred stock that has a subordinate claim to dividends and assets relative to another class of preferred stock of the same issuer. Compare prior preferred. Stock. Both dividends are payable on March 31, 1999, to stockholders of record at the close of business on February 26, 1999. Case Corporation is a leading worldwide designer, manufacturer and distributor of agricultural and construction equipment, and offers a broad array of financial products and services. Headquartered in Racine, Wisconsin, Case had 1998 revenues of $6.1 billion and sells its products in 150 countries through a network of approximately 4,900 independent dealers. |
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