Correcting and Replacing Previous Fleet Dividend Announcement.BOSTON--(BUSINESS WIRE)--Feb. 17, 1999-- Fleet Financial Group Declares Common Stock and Preferred Stock Dividends The Board of Directors of Fleet Financial Group (NYSE NYSE See: New York Stock Exchange :FLT FLT Fault FLT Flight FLT Flat FLT Filter FLT Fleet FLT Fermat's Last Theorem FLT Fairlight (software cracking group) FLT Float/Floating FLT Fairfield Language Technologies FLT Fork Lift Truck FLT First Lieutenant ) today declared a regular quarterly dividend of $.27 per share on its common stock. The dividend will be payable on April 1, 1999 to shareholders of record on March 3, 1999. The Board of Directors also declared regular quarterly dividends of $.825 per depositary share on the corporation's Series VII Fixed/Adjustable Rate Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. and $.825 per depositary share on the corporation's Series VIII Fixed/Adjustable Rate Cumulative Preferred Stock. The preferred stock dividends on these two issues are payable on April 1, 1999 to shareholders of record on March 15, 1999. Fleet Financial Group, headquartered in Boston and listed 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. (NYSE:FLT), is a diversified financial services company with $104.4 billion in assets and $84.1 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Fleet is the nation's sixth largest commercial lender and New England's leading small business lender. Fleet's products and services include consumer banking, government banking, mortgage banking, private banking, corporate finance, commercial real estate lending, credit cards, insurance services, cash management, capital markets, equipment leasing and asset-based lending. Fleet also provides a wide array of investment management services for both individuals and institutional clients and operates the nation's third largest discount brokerage firm discount brokerage firm A brokerage firm that discounts commissions for individuals to trade securities. Most discount brokerage firms offer limited advice but reduce their fees by 50% or more compared with full-service brokerage firms. through its Quick & Reilly, Inc. subsidiary. With nearly 1,200 branches and 2,500 ATMs, Fleet also provides 24-hour telephone banking as well as on-line banking services through the internet and through its PC Banking software for individuals and businesses. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion