DOLLAR GENERAL ANNOUNCES 5-FOR-4 STOCK SPLIT.NASHVILLE, Tenn.--(BUSINESS WIRE)---Aug. 26, 1997--Dollar General Corporation (NYSE NYSE See: New York Stock Exchange : DG) announced that its Board of Directors has declared a 5-for-4 stock split on the company's Common Stock. In addition, the Board declared a cash dividend of $.04 per share on all outstanding shares of common stock. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Cal Turner, Jr., made the announcement saying, "This stock split will serve to return the price of our common stock to a more popular trading range Trading Range The spread between the high and low prices traded during a period of time. Notes: When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building. for all investors." As a result of the stock split, each common shareholder of record at the close of business on September 8, 1997, will receive one additional share of Common Stock for each four shares of Common Stock held on that date. The new shares will be distributed on September 22, 1997. This is the eighth stock split in the last six years and the second stock split declared in 1997. The Board of Directors declared a quarterly dividend of $.04 per share on the increased number of common shares outstanding after giving effect to the 5-for-4 stock split. The cash dividend of $.04 per share will first take effect when the quarterly dividend is paid on September 22, 1997 to shareholders of record at the close of business on September 8, 1997. Dollar General is a chain of more than 3,004 neighborhood stores operating in 24 states, with distribution centers in Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. , Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. , Oklahoma and Virginia Virginia, state, United States Virginia, state of the south-central United States. It is bordered by the Atlantic Ocean (E), North Carolina and Tennessee (S), Kentucky and West Virginia (W), and Maryland and the District of Columbia (N and NE). . CONTACT: Dollar General Corp., Nashville Investor Contact: Kiley Fleming, 615/783-2014 Media Contact: Cabot Pyle, 615/783-2028 |
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