Chase Manhattan Raises Dividend 17% and Announces Three-for-Two Stock Split.Business Editors NEW YORK--(BUSINESS WIRE)--March 21, 2000 The Chase Manhattan Corporation The Chase Manhattan Corporation was a bank holding company formed as parent of the Chase Manhattan Bank. During its time as the parent company, it was led in succession by David Rockefeller, Willard C. Butcher, and Thomas G. Labrecque. (NYSE NYSE See: New York Stock Exchange :CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ) announced that its Board of Directors today approved a 17% increase in the quarterly common stock dividend to $.48, or $1.92 on an annual basis. The increase will be effective for the dividend payable on April 30th to stockholders of record at the close of business April 6th. The Board of Directors also approved a three-for-two stock split, subject to shareholder approval at the corporation's annual meeting on May 16th. The actions reflect the Board's confidence in Chase's prospects. If approved by the shareholders, the record date for the split will be May 17, 2000 and the additional shares issued as a result of the split will be distributed on June 9, 2000. The Chase Manhattan Corporation (www.chase.com) is a premier global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with assets in excess of $400 billion. Chase combines the best of commercial and investment banking, offers world-class information and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services, and has a leading U.S. consumer franchise that serves 32 million customers. Through its newly formed business unit Chase.com, Chase is successfully creating innovative business models for the New Economy. Chase, with offices in more than 45 countries, has a presence in all of the principal financial centers around the world. |
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