RJR NABISCO DECLARES REGULAR DIVIDENDS ON SERIES B AND SERIES C PREFERRED STOCKS.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NEW YORK--(BUSINESS WIRE)--April 12, 1995--Directors of RJR Nabisco Holdings Corp. (NYSE NYSE See: New York Stock Exchange :RN) have declared the regular quarterly cash dividends on the company's Series B and Series C preferred stocks. Series B Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. The board declared the regular quarterly cash dividend of $578.125 per share, or 57.8125 cents ($.578125) per depositary share (the 1/1,000 share units that trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. ), on the company's Series B Cumulative Preferred Stock. The dividend is payable June 1, 1995 to shareholders of record May 17, 1995. Series C Conversion Preferred Stock The board also declared the regular quarterly cash dividend of $1.503 per share, or 15.03 cents ($.1503) per depositary share (the 1/10 share units that trade on the New York Stock Exchange), on the company's Series C Conversion Preferred Stock (PERCS PERCS Provincial Emergency Radio Communications Service PERCS Productive, Easy-To-Use, Reliable Computing Systems PERCS Preference Equity Redemption Cumulative Stock PERCS Problem Evaluation and Reporting Control System PERCS Programmable Easy-to-Use Reliable Computing System ). The dividend is payable May 15, 1995 to shareholders of record May 1, 1995. The initial dividend for the Series C shares, declared on July 18, 1994, was prorated to $1.67 per share or 16.7 cents ($.167) per depositary share, reflecting the 100-day period from the shares' issuance date of May 6, 1994 through August 14, 1994. RJR Nabisco Holdings Corp. is the parent company of RJR Nabisco, Inc., an international consumer products company. RJR RJR R.J. Reynolds RJR Thorny Skate (FAO fish species code) Nabisco's major operating companies are R.J. Reynolds Tobacco Co., R.J. Reynolds Tobacco International, Inc., and Nabisco Holdings Corp., of which the company owns 80.5 percent. CONTACT: Carol J. Makovich 212/258-5785 |
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