Printer Friendly

MAGNA GROUP INCREASES DIVIDEND

 ST. LOUIS, Jan. 25 /PRNewswire/ -- The board of directors of Magna Group, Inc. (NASDAQ-NMS: MAGI) has increased the cash dividend on its common stock. The board declared a quarterly cash dividend of 18 cents per share of common stock and 37.5 cents per share of Class B preferred stock. The common stock dividend of 18 cents represents a 5.9 percent increase over the prior quarterly dividend of 17 cents per share. The dividend on common stock is payable on March 10, 1993 to stockholders of record on Feb. 15, 1993. The dividend on preferred stock is payable on April 1, 1993 to stockholders of record on March 15, 1993.
 Magna Group, Inc. operates 85 community banking locations in Illinois and Missouri and is the third-largest bank holding company based in St. Louis, with $3.7 billion in consolidated assets. Within the greater St. Louis metropolitan area, Magna has 61 offices with approximately $2.9 billion in assets.
 -0- 1/25/93
 /CONTACT: Mary Scholz, vice president of Magna Group, 314-963-2545/
 (MAGI)


CO: Magna Group, Inc. ST: Missouri IN: FIN SU: DIV

SH -- NY016 -- 8251 01/25/93 08:25 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:Jan 25, 1993
Words:192
Previous Article:PYRAMID TECHNOLOGY AND ICL PLC ANNOUNCE JOINT TECHNOLOGY AGREEMENT
Next Article:ASHLAND COAL REPORTS EARNINGS FOR FOURTH QUARTER OF 1992 AND YEAR
Topics:


Related Articles
MAGNA GROUP COMPLETES ACQUISITION OF LANDMARK BANCSHARES
MAGNA GROUP, INC. FILES FOR OFFERING OF 4,000,000 SHARES OF COMMON STOCK
MAGNA SECOND QUARTER EARNINGS AT $7.1 MILLION OR 35 CENTS PER SHARE; NON-PERFORMING ASSETS REDUCED 39 PERCENT YEAR TO DATE
MAGNA GROUP DECLARES QUARTERLY DIVIDEND OF 17 CENTS
MAGNA ANNOUNCES PUBLIC OFFERING OF 4 MILLION SHARES OF COMMON STOCK AT $13.50 PER SHARE
MAGNA COMPLETES COMMON STOCK OFFERING; UNDERWRITERS EXERCISE OVER-ALLOTMENT OPTION; MAGNA FULLY PREPAYS $41 MILLION TERM LOAN
MAGNA GROUP REPORTS RESULTS
MAGNA GROUP, INC. REPORTS RESULTS
MAGNA GROUP, INC. DECLARES DIVIDEND
MAGNA GROUP DECLARES QUARTERLY DIVIDEND

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