Compass Bancshares Announces Fourth Quarter Dividend.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Nov. 3, 1997--The board of directors of Compass Bancshares Compass Bancshares, Inc. is a privately held company based in Birmingham, Alabama. Its subsidiary, Compass Bank, is a Southwestern financial holding company with $47 billion in assets and 417 full-service banking offices in Alabama, Arizona, Colorado, Florida, New Mexico, and Texas. Inc. (NASDAQ/NM: CBSS CBSS Council of Baltic Sea States CBSS Craft and Boat Support System CBSS Coastal Border Surveillance System (MSSC) CBSS Closed-Breach Scavenging System (compressed air system for removing smoke from tank gun tubes) ) today announced a fourth quarter dividend of $.2367 per share of common stock. The dividend is payable on Jan. 2, 1998 to shareholders of record of the company's $2.00 par value common stock as of the close of business on Dec. 15, 1997. Compass Bancshares has increased its annual dividend to shareholders for the past 16 consecutive years. Over the past five years, Compass earnings per share and indicated annual dividends per share Dividends per share Dividend paid for the past 12 months divided by the number of common shares outstanding, as reported by a company. The number of shares often is determined by a weighted average of shares outstanding over the reporting term. have grown at compound annual rates of 14 percent and 16 percent respectively. Compass Bancshares Inc. is a $12.9 billion bank holding company with 224 offices in Alabama, Florida and Texas. Compass reported record earnings of $114 million for the first nine months of 1997, and has a capital base of $935 million. Shares of the company's common stock are traded through the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on national market system under the symbol CBSS. CONTACT: Compass Bancshares Inc., Birmingham Ellen Laden, 205/933-3554 or Terrell Graves, 205/933-3331 |
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