First Commerce Corporation declares dividend.NEW ORLEANS--(BUSINESS WIRE)--May 20, 1996--First Commerce Corporation (NASDAQ-FCOM) declared today a cash dividend of 35 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on the Corporation's common stock. Also declared was a quarterly cash dividend of 45.3125 cents per share on its 7.25% Cumulative Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . Both dividends are payable July 1, 1996, to holders of record on June 14, 1996. CONTACT: First Commerce Corp., New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded Holly Hobson, 504/623-2917 |
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