Chemical announces 14 percent increase in common dividend.NEW YORK--(BUSINESS WIRE)--June 20, 1995--The Board of Directors of Chemical Banking Corporation today increased the quarterly dividend on the outstanding shares of the corporation's common stock to 50 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. , up 14 percent from 44 cents per share, payable on July July: see month. 31, 1995 to stockholders of record at the close of business on July 6, 1995. On an annual basis, this would represent an increase in the dividend rate to $2.00 per share, from $1.76 per share. The increase marks the fourth time the dividend has been increased since March 1993, for a total increase of 66.6 percent. CONTACT: Chemical Banking Corp. Ken Herz Herz is a German surname meaning heart. Famous Herzes:
John Borden Bor·den , Gail 1801-1874. American surveyor and inventor who developed condensed milk (1853) and other food products. Borden, Lizzie Andrew 1860-1927. , 212/270-7318 (Investor Contact) |
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