Printer Friendly

The Bear Stearns Companies Inc. Declares Cash Dividend.

NEW YORK--(BUSINESS WIRE)--May 5, 1998--The Bear Stearns Companies Inc. (NYSE:BSC) today announced a cash dividend on its recently issued outstanding shares of 5.72% Cumulative Preferred Stock, Series F.

The Board of Directors declared a cash dividend for the dividend period commencing on the date of issuance of $2.6693 per share on the outstanding shares of 5.72% Cumulative Preferred Stock, which is equivalent to 66.73 cents per related Depositary Share, payable July 15, 1998 to shareholders of record on June 30, 1998.

The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm serving governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers professional and correspondent clearing, including securities lending. Headquartered in New York City, the company has 9,000 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles and San Francisco; and an international presence in Beijing, Buenos Aires, Dublin, Geneva, Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. As of March 27, 1998 total capital, including stockholders' equity and long-term borrowings, was $16.3 billion. Book value as of March 27, 1998 was $22.39 per share, based on 151,561,466 shares outstanding.

CONTACT: Hannah Burns (212) 272-2395

Maura Gaenzle (212) 272-4445

Ellen Glickman (212) 272-8188
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 5, 1998
Words:262
Previous Article:InConcert, Inc. and X-CEL Communications Ltd. Align to Solve Telecommunications Companies' Service Provisioning Problems.
Next Article:Elbit Systems Reports First Quarter Results - Revenues Increase 12%; Net Income Up 29% -.
Topics:


Related Articles
The Bear Stearns Companies Inc. Finance subsidiary declares monthly cash dividend.
The Bear Stearns Companies Inc. finance subsidiary declares monthly cash dividend.
The Bear Stearns Companies Inc. finance subsidiary declares monthly cash dividend.
The Bear Stearns Companies Inc. Declares Cash Dividends.
The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.
The Bear Stearns Companies Inc. finance subsidiary declares monthly cash dividend.
The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.
The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.
The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.
The Bear Stearns Companies Inc. Finance Subsidiary Declares Monthly Cash Dividend.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters