First Virginia Declares First Quarter Dividend of $.40 Per Share.Business Editors FALLS CHURCH Falls Church, independent city (1990 pop. 9,578), NE Va., a residential suburb of Washington, D.C.; inc. as a town 1875, as a city 1948. There is diverse light manufacturing, including telecommunications equipment. , Va.--(BUSINESS WIRE)--Feb. 27, 2002 The Board of Directors of First Virginia Banks, Inc., declared a quarterly dividend of $.40 per share on the corporation's common stock. The dividend is payable April 15, 2002, to stockholders of record as of the close of business March 28, 2002. The annual dividend rate of $1.60 per share represents an increase of 5.26% over the $1.52 annual rate declared in the previous year's first quarter. At its regular meeting today, the corporation's Board of Directors also declared a quarterly cash dividend of 12-1/2 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 its Series A 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. , 17-1/2 cents per share on its Series B and C preferred stock, and 20 cents per share on its Series D preferred stock. Each of the preferred dividends is payable April 15, 2002, to stockholders of record as of the close of business March 28, 2002. First Virginia has total assets in excess of $10.6 billion and is the largest independent banking company headquartered in Virginia and one of the 50 largest in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . There are currently eight banks in the First Virginia group with 308 offices in Virginia, 56 offices in Maryland and 13 offices in East Tennessee. First Virginia also operates a full-service insurance agency, First Virginia Insurance Services, Inc. The corporation's common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "FVB FVB FjärrVärmeByrån (Swedish district heating consultant bureau) FVB First Virginia Bank FVB Fox Valley Blues (Umpire Association) FVB Fleet Viability Board (US Air Force) ." For more information about First Virginia and its products and services, please visit our website at firstvirginia.com. |
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