Champion International Corporation Declares Quarterly Dividend.Business Editors STAMFORD, CT--(BUSINESS WIRE)--May 18, 2000 The board of directors of Champion International Corporation (NYSE NYSE See: New York Stock Exchange :CHA n. 1. Tea; - the Chinese (Mandarin) name, used generally in early works of travel, and now for a kind of rolled tea used in Central Asia. A pot with hot water . . . made with the powder of a certain herb called chaa, which is much esteemed. - Tr. J. ) has declared a regular quarterly dividend on the company's common stock. A quarterly dividend of fifteen 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 14, 2000 to holders of record on June 14, 2000. The company announced on May 12, 2000 that it has agreed to merge with International Paper Company. The dividend declared today will be paid regardless of the closing date of the merger. Champion International Corporation is an integrated forest products company with significant operations 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. , Canada, and Brazil. Champion is a major producer and distributor of coated and uncoated papers. The company's other products include market pulp, lumber and 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 selected paper for packaging. Champion has the responsibility for the sustainable management of approximately eleven million acres of forestlands supporting its manufacturing facilities. |
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