Dynacq Announces Stock Split Effected as a 100% Stock Dividend.Business Editors/Health & Medical Writers HOUSTON--(BW HealthWire)--Feb. 27, 2001 Dynacq International Inc. (Nasdaq:DYII) through its board of directors today approved a stock split effected as a 100% stock dividend on all issued common shares, whether outstanding or not, including its treasury shares, held of record as of March 12, 2001. This action follows the reported record setting earnings for fiscal 1999-2000. Mr. 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 very excited by the tremendous success of the company. We have carefully planned our growth, and acquire only entities, like Piney pine·y adj. Variant of piny. Point, which are accretive to our bottom line. We believe this approach to be in the best interest of our company and its stockholders. The 100% stock dividend is a reward to our shareholders in appreciation of their trust and support. We are especially grateful to those dedicated employee shareholders who have brought great success to the company and made this event possible. We offer this as a demonstration of our intent to strengthen our commitment to increase stock value and encourage wider distribution of Dynacq stock." Shareholders of record will receive their stock dividend certificate after March 16, 2001. 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 March 19, 2001 and Dynacq's trading symbol Trading symbol See: Ticker symbol remains the same as "DYII." Dynacq International Inc. was recognized last year by the Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; Chronicle chronicle, official record of events, set down in order of occurrence, important to the people of a nation, state, or city. Almanacs, The Congressional Record in the United States, and the Annual Register in England are chronicles. newspaper as one of the top ten fastest-growing public companies in Houston This is an incomplete list of major companies headquartered in Houston, Texas and the Houston–Sugar Land–Baytown metropolitan area. Houston is known for its oil and gas industry and it should also be noted that only New York City has more Fortune 500 companies. . Wallstreet.com has recognized the company as being in the top 15% fastest-growing public companies in the country. Certain statements in this release are forward-looking. Although the company believes its expectation to be based on reasonable assumptions within the bounds of knowledge of its business and operations, there can be no assurance that actual operating results will not differ materially from these expectations. Please refer to the reports filed by the company with the Securities and Exchange Commission for a review of factors that may cause operating results to differ. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion