Coeur d'Alene Mines announces cash distribution.COEUR D'ALENE Coeur d'Alene, city, United States Coeur d'Alene (kûrdəlān`), city (1990 pop. 24,563), seat of Kootenai co., N Idaho, near the Wash. line; inc. 1907. , Idaho--(BUSINESS WIRE)--March 21, 1995--Coeur d'Alene Mines Corp. (NYSE NYSE See: New York Stock Exchange : CDE (1) (Computer Desktop Encyclopedia) What you are reading at this very moment. See About this product. (2) (Common Desktop Environment) A user interface for desktop computing from The Open Group. ) today announced the declaration of a $.15 per share cash distribution on its common stock. The cash distribution will be paid on April 21, 1995, to shareholders of record as of the close of business April 10, 1995. Regarding the cash distribution, which will be paid out of capital surplus, Dennis E. Wheeler, chairman, president and chief executive officer of the company, explained that, "Although the company had a net loss in the year ended Dec. 31, 1994, the board of directors decided to continue its prior $.15 dividend per share practice in view of the fact that the company had a positive cash flow from operations Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses in 1994 and because the company enjoys a strong financial position." CONTACT: Coeur d'Alene Mines Anthony R. Ebersole, 208/667-3511 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion