GPU Board Raises Common Stock Dividend.MORRISTOWN Morristown. 1 Town (1990 pop. 16,189), seat of Morris co., N N.J., on the Whippany River; settled c.1710, inc. 1865. Although chiefly residential, it has diverse manufactures, including electronic products, health and beauty aids, auto parts, and , N.J.--(BUSINESS WIRE)--April 1, 1999--The GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. , Inc. (NYSE NYSE See: New York Stock Exchange : GPU) Board of Directors today increased the regular quarterly common stock dividend by 1.5 cents, or 2.9 percent, to 53 cents a share. The increased dividend is payable May 26, 1999 to shareholders of record as of April 30, 1999. "We are pleased to be in a position to increase our dividend," said Fred D. Hafer, GPU chairman, president and chief executive officer. "Today's action is a continuation of our strategy of maximizing shareholder value while we respond to ongoing changes in our industry." GPU, Inc., headquartered in Morristown, New Jersey Morristown is a town in Morris County, New Jersey, United States. As of the United States 2000 Census, the town population was 18,544. Its estimated population in 2004 was 18,842. It is the county seat of Morris CountyGR6. is a registered utility holding company. GPU's three domestic operating utility subsidiaries -- Jersey Central Power and Light Company, Metropolitan Edison Company and Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York Electric Company -- do business under the trade name of GPU Energy, and serve approximately two million customers in a service area encompassing about half the land areas of New Jersey and Pennsylvania. GPU's other subsidiaries include: GPU Advanced Resources, Inc.; GPU International, Inc.; GPU Generation, Inc.; GPU Nuclear, Inc.; GPU Service, Inc.; and GPU Telcom Services, Inc. (http://www.gpu.com) |
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