First USA, Inc. board declares quarterly dividends on common, preferred issues.DALLAS--(BUSINESS WIRE)--Oct. 18, 1995--First USA, Inc. (NYSE NYSE See: New York Stock Exchange :FUS FUS feline urological syndrome. ) Wednesday announced that its board of directors declared the regular quarterly common stock dividend on First USA common stock of $0.06 per share. The dividend will be payable Nov. 13, 1995, to stockholders of record on Oct. 31, 1995. The board of directors also declared a dividend of $0.498 per share of outstanding 6-1/4 percent mandatory convertible Mandatory Convertible A type of convertible bond that has a required conversion or redemption feature. Either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock. preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. to stockholders of record on Oct. 31, 1995, payable Nov. 20, 1995. First USA, Inc. is a financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company specializing in the credit card business and is among the largest providers of Visa and MasterCard services in the nation. First USA, Inc.'s two principal operating units are First USA Bank and First USA Merchant Services, Inc. First USA Bank provides Visa and MasterCard services nationwide and had more than 11.9 million credit cards issued with $15.0 billion in managed loans outstanding at Sept. 30, 1995. First USA Merchant Services, Inc. processed $20.1 billion in credit card sales and 359 million items during fiscal 1995. CONTACT: First USA, Inc., Dallas George A. McCane, 214/746-8547 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion