REPEAT/Pittston's board of directors declares regular quarterly dividends for Pittston Brink's Group, Pittston Burlington Group and Pittston Minerals Group.RICHMOND, Va.--(BUSINESS WIRE)--Feb. 7, 1997--At its meeting on Feb. 7, 1997, the board of directors of The Pittston Company declared its regular quarterly dividends of 2.5 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 Pittston Brink's Group Common Stock (NYSE-PZB), 6 cents per share on the Pittston Burlington Group Common Stock (NYSE-PZX), and 16.25 cents per share on Pittston Minerals Group Common Stock (NYSE-PZM), all payable on March 3, 1997 to shareholders of record on Feb. 8, 1997. The board of directors also declared a cash dividend of $7.813 per share on the company's $31.25 Series C Cumulative Convertible Preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , payable on March 3, 1997 to shareholders of record on Feb. 18, 1997. Pittston Minerals Group Common Stock (NYSE-PZM), Pittston Brink's Common Stock (NYSE-PZB) and Pittston Burlington Group Common Stock (NYSE-PZX) represent the three classes of common stock of The Pittston Company, a diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with interests in coal and gold mining through Pittston Minerals Group, security services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the through Brink's, Inc. and Brink's Home Security,Inc. (Pittston Brink's Group) and global freight transportation and logistics management Logistics Management is that part of Supply Chain Management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet services through Burlington Air Express Inc. (Pittston Burlington Group). CONTACT: The Pittston Company James B. Hartough, 804/553-3622 |
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