DOLLAR TREE STORES, INC. ANNOUNCES 50% STOCK DIVIDEND HAVING THE EFFECT OF A 3-FOR-2 STOCK SPLIT.NORFOLK, Va.--(BUSINESS WIRE)--March 27, 1996--J. Douglas Perry, Chairman of Dollar Tree Stores, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : DLTR DLTR Duke Law and Technology Review ) announced that on March 26, 1996 the Board of Directors approved a 50% common stock dividend having the effect of a 3 for 2 stock split to shareholders of record as of the close of business on April 5, 1996. The new shares will be distributed on April 19, 1996. Macon F. Brock brock n. Chiefly British A badger. [Middle English brok, from Old English broc, of Celtic origin.] , Jr., President 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. stated that Dollar Tree is pleased to declare the stock dividend which should increase liquidity in the trading of the stock and make the stock price attractive to a wider investor audience. Dollar Tree Stores, Inc. became a public company on March 7, 1995. Dollar Tree Stores, Inc. is a discount variety store chain offering merchandise at the $1.00 price point. With the recent acquisition of Dollar Bills, Inc., formerly known as Terrific Promotions, Inc., and trading as Dollar Bill$, the company operates 636 stores in 26 states and offers a wide assortment of quality everyday general merchandise in many traditional variety store categories. CONTACT: Dollar Tree Stores, Inc., Norfolk Ray Compton or Eric Coble Eric Coble is a playwright and screenwriter. He is a member of the Playwrights' Unit of the Cleveland Play House. Eric Coble was born in Edinburgh, Scotland and bred on the Navajo and Ute reservations in New Mexico and Colorado. , 804/857-4600 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion