Colonial BancGroup increases quarterly dividends.MONTGOMERY, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Jan. 19, 1995--Colonial BancGroup Chairman of the Board, Chief Executive Officer and President Robert E. Lowder announced today that the company has raised its quarterly dividends to shareholders for the fifth consecutive year. Colonial BancGroup's board of directors voted to increase its quarterly dividends from $.20 per share of Class A common stock to $.22-1/2 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. , and from $.10 cents per share of Class B common stock to $.12-1/2 cents per share. The board of directors approved payment of the new dividends on Tuesday, Feb. 14, 1995, to shareholders of record as of Feb. 7, 1995. For the year ended Dec. 31, 1994, the Montgomery based holding company previously reported net income of $27,671,000, or 48% over 1993 net income. Earnings per share for the year increased 16.6% to $2.74 in 1994 from $2.35 in 1993 operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before . ``Colonial has had another outstanding year. The fourth quarter of 1994 marks the twentieth consecutive period of increased earnings over the prior year,'' said Lowder. Colonial BancGroup operates 95 full service offices in Alabama Alabama, indigenous people of North America Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). and southern Tennessee. CONTACT: Colonial BancGroup, Montgomery Alan T. Romanchuck, 205/240-5019 W. Flake flake an epidermal scale. flake Cocaine, see there Oakley, 205/240-6035 |
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