Colonial BancGroup Increases Dividend.MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE NYSE See: New York Stock Exchange :CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) ) Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President, Robert E. Lowder, announced that at its meeting today, the board of directors declared a regular quarterly dividend of $.1875 per share of Colonial BancGroup common stock, a 10% increase over the $0.17 paid to shareholders quarterly in 2006. This represents the 17th consecutive annual increase in dividends. The dividend will be paid on February 9, 2007 to shareholders of record as of the close of business on January 26, 2007. Colonial BancGroup operates over 300 branches in Florida, Alabama, Georgia, Nevada and Texas with more than $22 billion in assets. The Company's common 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 CNB. |
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