Printer Friendly

GENOVESE DRUG STORES ANNOUNCES STOCK AND CASH DIVIDENDS

 MELVILLE, N.Y., Dec. 7 /PRNewswire/ -- Genovese Drug Stores, Inc. (AMEX: GDXA), a chain of 105 super drug stores, with locations in New York, New Jersey and Connecticut, today announced that its board of directors declared a 10 percent stock dividend, payable on Jan. 4, 1994, to holders of record Dec. 22, 1993.
 The board of directors also declared a 6 cent per share cash dividend, payable on Jan. 4, 1994, to holders of record Dec. 23, 1993. The 6 cent cash dividend is payable on both present shares and the shares represented by the stock dividend and, therefore, represents a 10 percent increase in the cash dividend as well.
 On Nov. 18, 1993, Genovese Drug Stores, Inc. reported its fifth consecutive quarter of record sales and net income.
 The current dividend represents the 52nd consecutive quarter that the company has paid a cash dividend.
 -0- 12/7/93
 /CONTACT: Jerome Stengel, VP and treasurer of Genovese Drug Stores, 516-845-8211/
 (GDXA)


CO: Genovese Drug Stores, Inc. ST: New York IN: REA SU: DIV

CK -- NY048 -- 5428 12/07/93 12:32 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:Dec 7, 1993
Words:182
Previous Article:NEW SEARLE NON-STEROIDAL ANTI-INFLAMMATORY DRUG AVAILABLE IN RUSSIAN REPUBLIC AND PEOPLE'S REPUBLIC OF CHINA
Next Article:RF MICRO DEVICES AND TRW ANNOUNCE AGREEMENT TO BRING MILITARY TECHNOLOGY TO AMERICAN CONSUMERS; RADIO FREQUENCY INTEGRATED CIRCUIT USED IN PHONE
Topics:

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