Compass Bancshares increases annual dividend record 22 percent.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Feb. 1, 1995--A 22 percent increase in the cash dividend from $.92 to $1.12 per share per annum Per annum Yearly. was approved today by the 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. board of directors. The increased quarterly dividend of $.28 per share is payable on April 1, 1995, to all shareholders of record on March 15, 1995. This marks the 14th consecutive year that Compass has increased its dividend and the second consecutive increase in excess of 20 percent. At year-end 1994, the company reported record net income per common share of $2.68 up 13 percent over the prior-year -- the seventh consecutive year of record earnings. ``On the heels of last year's record 21 percent dividend increase, we are pleased that our board can again reward shareholders with the largest dividend increase in our company's history,'' said Compass chairman and chief executive officer D. Paul Jones Paul Jones can refer to:
``Our outstanding earnings this past year and our strong capital position enable us to provide excellent returns to our shareholders for their investment in our company. This increase brings Compass' five-year compound annual growth rate in dividends to 16 percent per annum and is a record of which we are extremely proud,'' Jones said. Compass Bancshares is a $9.1 billion bank holding company with 178 offices in Alabama, Florida and Texas. 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 under the symbol 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) . CONTACT: Compass Bancshares Inc., Birmingham Ellen Laden, 205/933-3554 Michael A. Bean, 205/558-5740 |
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