Printer Friendly

GENERAL DYNAMICS' BOARD OF DIRECTORS DECLARES REGULAR QUARTERLY DIVIDEND; AUTHORIZES ADDITIONAL DEBT REDEMPTION

 FALLS CHURCH, Va., March 1 /PRNewswire/ -- The board of directors of General Dynamics Corporation (NYSE: GD) declared a regular quarterly dividend of 40 cents per share on the company's common stock, payable May 14, 1993, to shareholders of record April 16, 1993.
 In keeping with the company's ongoing commitment to building financial strength and flexibility, the board has called for redemption on May 15, 1993, of the company's entire series of 9-3/8 percent notes due May 15, 1995. The 9-3/8 percent notes have a face value of $100 million. This action follows the retirement of $430 million in company debt during 1992. In addition, the board authorized management to redeem, at its discretion, the $45 million face value of 5-3/4 percent exchangeable subordinated debentures due 2011 currently outstanding should management deem such action appropriate at some future date.
 -0- 3/1/93
 /CONTACT: Ray Lewis of General Dynamics, 703-876-3195/
 (GD)


CO: General Dynamics Corporation ST: Virginia IN: ARO SU: DIV

DC-TW -- DC034 -- 1623 03/01/93 17:07 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 1, 1993
Words:172
Previous Article:GIANT FOOD INC. ANNOUNCES PRELIMINARY UNAUDITED SALES
Next Article:CARL REICHARDT JOINS CONAGRA'S BOARD
Topics:


Related Articles
GENERAL DYNAMICS DECLARES REGULAR QUARTERLY DIVIDEND
GENERAL DYNAMICS INCREASES REGULAR QUARTERLY DIVIDEND TO 40 CENTS PER SHARE FROM 25 CENTS PER SHARE
ABBOTT DECLARES DIVIDEND, AUTHORIZES REDEMPTION OF RIGHTS
GM BOARD DECLARES DIVIDENDS; AUTHORIZES REDEMPTION OF GM SERIES E-I
GENERAL DYNAMICS' BOARD OF DIRECTORS DECLARES $12 PER SHARE SPECIAL DISTRIBUTION, INCREASES DIVIDEND
GENERAL DYNAMICS BOARD OF DIRECTORS DECLARES 17 PERCENT INCREASE TO REGULAR QUARTERLY DIVIDEND; AUTHORIZES TWO-FOR-ONE STOCK SPLIT; RECONFIRMS...
RCSB FINANCIAL, INC. CALLS CONVERTIBLE PREFERRED STOCK

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters