Dynacq Announces 100% Stock Dividend.Business Editors/Health & Medical Writers HOUSTON--(BW HealthWire)--Dec. 30, 1999 Dynacq International Inc. (Nasdaq:DYII) board of directors today approved a 100% stock dividend on all issued common shares held of record as of Jan. 10, 2000. This action follows the reported record setting earnings for fiscal 1998-99. Chiu M. Chan, 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. of Dynacq, stated, "We are encouraged by the continued growth of the company. The 100% stock dividend falls in line with our commitment to the stockholders." Chan further stated, "It is our intent to encourage wider ownership distribution of Dynacq stock. Our stockholders should be pleased by the present direction of the company." Shareholders of record will receive their stock dividend certificate after Jan. 13, 2000. Nasdaq trading ex-dividend date Ex-dividend date The first day of trading when the buyer of a stock is no longer entitled to the most recently announced dividend payment ( i.e. the trade will settle the day after the record date, too late for the buyer to appear on the shareholder record and receive the dividend. will be Jan. 14, 2000 and Dynacq's trading symbol Trading symbol See: Ticker symbol remains the same as "DYII". Questions regarding this news release should be directed to Philip Philip, tetrarch of Ituraea Philip, d. A.D. 34, tetrarch of Ituraea, son of Herod the Great. He was perhaps the ablest of the Herod dynasty. He is mentioned in the Gospel of St. Luke. Chan at 713/673-6432. Dynacq International Inc. specializes in creating quality and efficient community-based, one-stop one-stop adj. Relating to or providing a comprehensive selection of goods or services at a single location: one-stop shopping; a one-stop health-care center. health care resource centers designed to meet the needs of physicians and their patients. Certain statements in this release are forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. . Although the company believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations. There can be no assurance that actual results will not differ materially from its expectations. For factors that may cause actual results to differ materially from expectations and underlying assumptions, see reports by the company filed with the Securities and Exchange Commission. |
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