Endesa announces dividend.MADRID--(BUSINESS WIRE)--Dec. 5, 1996--ENDESA (NYSE NYSE See: New York Stock Exchange :ELE ELE equine leukoencephalomalacia. ), a major electric utility company in Spain, announced today that its Executive Committee has approved at its meeting held today, a gross interim dividend of Pta 100.00 per share (approx. $0.76 per ADR ADR - Astra Digital Radio ) out of 1996 earnings. One ADR equals one share of ENDESA stock. The record date for this dividend will be January 2, 1997. This amount represents an increase of 19.05 percent over the interim dividend declared last year. Out of 1995 earnings, gross interim dividend was Pta 84.00 and final gross dividend was Pta 102.00. This gross interim dividend will initially be subject to withholding taxes under applicable laws and regulations. Translation of Pesetas (Pta) into US dollars ($) will be made at the prevailing rate of exchange on the record date. ADR holders of record January 2, 1997, will be paid January 27, 1997. For further information, contact Fernando Lario, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. Investor Relations Investor relations The process by which the corporation communicates with its investors. , (212) 750 7200. http://www.endesa.es CONTACT: Fernando Lario 212/750-7200 http://www.endesa.es |
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