Clayton Homes split stock 5-for-4, declares quarterly dividend.KNOXVILLE, Tenn.--(BUSINESS WIRE)--Nov. 8, 1995--The Board of Directors of Clayton Homes, Inc. (NYSE NYSE See: New York Stock Exchange :CMH CMH Center of Military History CMH Commission on Macroeconomics and Health CMH Chief of Military History CMH Children's Memorial Hospital CMH Ceramic Metal Halide (General Electric light source) CMH Congressional Medal of Honor ) today announced a stock dividend in the form of a 5-for-4 split of the Company's common stock, and in addition declared a cash dividend of 2 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. . The stock split is effective Dec. 13, 1995 to shareholders of record on Nov. 29, 1995. The dividend is payable on Jan. 24, 1996 to shareholders of record on Jan. 3, 1996. "These actions illustrate the Company's continued strong performance, and reflect returns which we are pleased to be able to provide to our shareholders," said Joe Stegmayer, Clayton Homes' President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . This is the 11th stock split since the Company went public in 1983. The actions occurred at the company's annual shareholders meeting held at Clayton's new manufacturing facility in White Pine, Tenn. Additionally, the eight members of the Board of Directors were re-elected at the meeting. Clayton Homes is a leading manufactured home producer, and is the industry's largest retailer. The company also operates more than 60 manufactured home communities and provides a variety of 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. to home buyers. Clayton Homes is headquartered in Knoxville, Tenn. and employs more than 4,700 people nationwide. CONTACT: Clayton Homes, Inc., Knoxville Joe Stegmayer, 615/595-4700 |
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