Enex Resources Corporation Announces Increase in Semi-Annual Cash Dividend and Purchase of Treasury Stock.KINGWOOD, Texas--(BUSINESS WIRE)--Dec. 4, 1996--Enex Resources Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ENEX), today announced that its Board of Directors declared a semi-annual cash dividend of $.15 per share. The dividend is payable on Dec. 19, 1996 to shareholders of record on Dec. 13, 1996. The Board of Directors also approved the purchase of an additional 50,000 shares of the company's common stock in the open market. The company currently has 1.35 million shares outstanding. Gerald Gerald - ["Gerald: An Exceptional Lazy Functional Programming Language", A.C. Reeves et al, in Functional Programming, Glasgow 1989, K. Davis et al eds, Springer 1990]. B. Eckley Eckley can refer to:
Technique to pay cash to firm's shareholders that provides more preferential tax treatment for shareholders than dividends. Treasury stock is the name given to previously issued stock that has been repurchased by the firm. continues our strategy of maximizing shareholder value." Enex is a company which acquires and operates producing oil and gas properties and manages oil and gas income programs. CONTACT: Enex Resources Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. E. Densford, vice president, secretary and treasurer 713/358-8401. |
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