RJR Nabisco declares regular dividends on Common Stock, Series B and Series C Preferred Stocks.NEW YORK--(BUSINESS WIRE)--August 30, 1996--Directors of RJR Nabisco RJR Nabisco, Inc., was an American conglomerate formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company. RJR Nabisco was purchased in 1988 by Kohlberg Kravis Roberts & Co. in the second largest leveraged buyout in history, adjusted for inflation. 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 and Series C preferred stocks. Common Stock The board declared a regular quarterly cash dividend of $.4625 on the company's common stock. The dividend is payable October 1, 1996 to shareholders of record September 15, 1996. 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 also 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 December 2, 1996 to shareholders of record November 15, 1996. 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 November 15, 1996 to shareholders of record October 31, 1996. 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 Tobacco International. RJR Nabisco also owns 80.5 percent of Nabisco Holdings Corp. CONTACT: Carol Makovich (212) 258-5785 |
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