Colonial BancGroup declares dividend payment.MONTGOMERY, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Oct. 23, 1995--Colonial BancGroup Chairman of the Board, Chief Executive Officer and President Robert E. Lowder announced that the company has declared a regular quarterly dividend of $.22-1/2 per share of Colonial BancGroup common stock. At the quarterly meeting held last week, the board of directors approved payment of dividends on Nov. 14, 1995 to shareholders of record as of Nov. 7, 1995. For the quarter ended Sept. 30, 1995, the Alabama-based holding company previously reported net income of $10,202,000, a 44 percent increase over the same period in 1994. Earnings per share for the quarter were $.80 on a fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis, a 38% increase over 1994 restated earnings per share. "We had another excellent quarter," said Lowder. "The third quarter of 1995 marks the twenty-third consecutive period of increased earnings over the prior year." Colonial BancGroup currently operates 96 full service offices in Alabama and southern Tennessee and 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 of 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) . In most newspapers the stock is listed as ColBgp. CONTACT: Colonial BancGroup, Montgomery W. Flake flake an epidermal scale. flake Cocaine, see there Oakley, 334/240-6035 |
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