City National Declares Second-Quarter Dividend.LOS ANGELES--(BUSINESS WIRE)--July 30, 1998--The board of directors of City National Corp. (NYSE NYSE See: New York Stock Exchange :CYN CYN Canyon ) Thursday declared a quarterly common stock cash dividend of 14 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. for the second quarter of 1997, payable on Aug. 13, 1998, to shareholders of record on Aug. 4, 1998. City National is a publicly owned corporation with $5.6 billion in total assets whose stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CYN. The company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. For more information about City National,everly Hills, Calif. Frank Pekny,ALIFORNIA NEW YORK INDUSTRY KEYWORD: BANKIesswire.com Up 40% and Income From Continuing Operations Up ure growth in the Company's Myocardial myocardial /myo·car·di·al/ (-kahr´de-al) pertaining to the muscular tissue of the heart. myocardial pertaining to the muscular tissue of the heart (the myocardium). Protectiuing operations for the period increased 4% to $537,000 or $.17 per diluted share versus $515,000 or $.16 per8,067,000 or $5.59 per diluted share. Reved share versus $756,000 or $.23 per diluted shperformance during the quarter exceeded our expectations," commented JerryA. Howard, President and Chief Exsomade major strides in our program to enhance and expand our cardiac catheter product lines. We have seen increased interest in our MPS and, with the accelerated pace of MPS placements over the last 30 days, we are optimistic about achieving our stated goal of doubling the number of MPS placements by year end. In addition, we continue to see and development costs that we are incurring ton products across the Company," Howard continued. "We anticipate that the ramp-up of our research and developelease that are forward looking are based upon ucts industry and other factors set forth in thare data) Three M $11,375 $ 8,138 $21,537 $16,083 Cost of from continuing operations before 537 $18,067 $ 1,035 $19,699 Earnings Continuing operations $ .17 $ .16 $ .32 $ .23 Discontinued operations -- .17 -- .60 Gain on disposal of discontinued operations -- 5.26 -- 5.24 Net income per share $ .17 $ 5.59 $ .32 $ 6.0ALANCE SHEETS (In t Cash and cash equivalents $ 7,846 $32,172 Accounts receivable 909 337 Total current asse bilities $ 5,473 $ 5,320 Current maturities of long-term debt 203 453 Total curreTRY KEYWORD: ENERGY MEDICINE EARNINGS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion