RJR Nabisco Declares Regular Dividends on Commom Stock and Series B Preferred Stock.NEW YORK--(BUSINESS WIRE)--August 8, 1997--Directors of RJR Nabisco Holdings Corp. (NYSE NYSE See: New York Stock Exchange :RN) today declared the regular quarterly cash dividends on the company's common stock and Series B preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . Common Stock The board declared the regular quarterly common dividend of $.5125 per common share, payable October 1, 1997 to shareholders of record September 15, 1997. 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 September 2, 1997 to shareholders of record August 18, 1997. 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. and R.J. Reynolds International. RJR Nabisco also owns an 80.5 percent interest in Nabisco Holdings Corp. CONTACT: Carol Makovich 212/258-5785 |
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