Printer Friendly

ALCO STANDARD INCREASES QUARTERLY DIVIDEND

             ALCO STANDARD INCREASES QUARTERLY DIVIDEND
    VALLEY FORGE, Pa., Nov. 14 /PRNewswire/ -- The Alco Standard board


of directors today increased the regular quarterly cash dividend to $.23 from $.22 per common share.
    This dividend is payable Dec. 10, 1991, to holders of record Nov. 25.
    This is the 27th consecutive year in which Alco has raised its dividend.  For calendar year 1991, the company's total dividend will increase to $.89 per share, $.04 per share or 4.7 percent more than the $.85 per share paid in calendar year 1990.
    Regular dividends to holders of serial preferred stock of record on Dec. 16, 1991, will be paid on Jan. 1, 1992,
    Alco Standard Corporation (NYSE: ASN), headquartered in Valley Forge, is a publicly held distribution and services company.  For its fiscal year ended Sept. 30, 1991, revenues were $4.8 billion.
    /delval/
    -0-                         11/14/91
    /CONTACT:  David B. Kirkland of Alco Standard, 215-296-8000, or, home, 215-542-9025/
    (ASN) CO:  Alco Standard Corporation ST:  Pennsylvania IN: SU:  DIV JS-MK -- PH012 -- 4340 11/14/91 10:34 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 14, 1991
Words:175
Previous Article:BAY AREA PRICES FELL 0.1 PERCENT IN OCTOBER
Next Article:SOUTHNET ISSUES STATEMENT REGARDING MERGER NEGOTIATIONS WITH TELECOM AMERICA


Related Articles
ALCO APPROVES REGULAR QUARTERLY DIVIDEND
ALCO STANDARD APPROVES REGULAR QUARTERLY DIVIDEND
ALCO APPROVES REGULAR QUARTERLY DIVIDEND
ALCO STANDARD INCREASES QUARTERLY DIVIDEND
ALCO STANDARD APPROVES REGULAR QUARTERLY DIVIDEND
ALCO STANDARD APPROVES REGULAR QUARTERLY DIVIDEND
ALCO STANDARD APPROVES REGULAR QUARTERLY DIVIDEND
ALCO STANDARD INCREASES QUARTERLY DIVIDEND
ALCO APPROVES REGULAR QUARTERLY DIVIDEND
ALCO STANDARD CONFIRMS DIVIDEND INCREASE

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters