Conoco Declares 19-Cent Quarterly Dividend.HOUSTON--(BUSINESS WIRE)--July 29, 1999-- Conoco (NYSE NYSE See: New York Stock Exchange :COC See chip on chip. ) today declared a quarterly cash dividend of 19 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. on each outstanding share of Conoco Class A and Class B common stock, payable on September 11, 1999, to stockholders of record of Conoco Class A or Class B common stock on August 13, 1999. Conoco stated that yesterday DuPont (NYSE:DD) declared a quarterly cash dividend of 35 cents per share on each outstanding share of DuPont's common stock, also payable on September 11, 1999, to stockholders of record of DuPont common stock on August 13, 1999. DuPont currently is conducting an exchange offer under which it has offered to exchange 2.95 shares of Conoco Class B common stock for each share of DuPont common stock tendered and accepted in the exchange. The exchange offer is scheduled to expire at midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Friday, August 6, 1999. DuPont may extend the period of the offer under certain circumstances. If the exchange offer is not extended, or if extended, expires prior to the record date for the dividends, persons tendering shares of DuPont common stock in the exchange offer will receive the Conoco dividend on any shares of Conoco Class B common stock received in the exchange offer and the DuPont dividend on any DuPont shares returned due to proration Proration A situation during a corporate action in which the available cash or shares are not sufficient to satisfy the offers tendered by shareholders. Therefore, a proportion of both cash and shares is granted for each offer tendered. . Conoco is a major, integrated energy company based in Houston and active in 40 countries. |
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