Printer Friendly

ALLIED BANKSHARES, INC. DECLARES 10 PERCENT STOCK DIVIDEND AND $.10 PER SHARE QUARTERLY CASH DIVIDEND PAYABLE ON ALL SHARES

 ALLIED BANKSHARES, INC. DECLARES 10 PERCENT STOCK DIVIDEND AND
 $.10 PER SHARE QUARTERLY CASH DIVIDEND PAYABLE ON ALL SHARES
 THOMSON, Ga., April 14 /PRNewswire/ -- Boone A. Knox, chief executive officer of Allied Bankshares, Inc. (NASDAQ: ABGA) announced today that the company's board of directors had declared a 10 percent stock dividend and a regular quarterly cash dividend of $.10 per share payable on May 18 to stockholders of record as of May 1.
 The cash dividend will be paid on all shares outstanding including the shares issued for the stock dividend. Knox said that the board of directors declared the stock dividend as a result of increased quarterly earnings which were released last week.
 "The trends appear to be heading in the right direction," said Knox. "1991 first quarter earnings per share increased 25 percent to $.25 per share from $.20 per share a year ago. Our non-performing assets have declined from March of last year and should decline further by year end. Non-performing assets were $2.1 million at March 31, 1992, as compared to $2.7 million at December 31, 1991, and $3.1 million at March 31, 1991. Our expansion continues as we opened a new branch in Augusta and acquired a branch of a failed thrift in Louisville during the first quarter of 1992. Our plans call for continued growth in our existing markets as well as growth by further acquisitions should an attractive situation be found."
 -0- 4/14/92
 /CONTACT: Ben O. Howell Jr., chief financial officer, Allied Bankshares, Inc., 404-595-1142/ CO: Allied Bankshares, Inc. ST: Georgia IN: FIN SU: DIV


EA-BN -- AT008 -- 8307 04/14/92 13:10 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 14, 1992
Words:276
Previous Article:RELIANCE GROUP HOLDINGS DECLARES QUARTERLY DIVIDEND ON COMMON STOCK
Next Article:HORMEL HEIRS ASK FOR DIVERSIFICATION OF HORMEL FOUNDATION HOLDINGS


Related Articles
ALLIED BANKSHARES, INC. DECLARES 10 PERCENT STOCK DIVIDEND AND $.10 PER SHARE QUARTERLY CASH DIVIDEND PAYABLE ON ALL SHARES
ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE QUARTERLY CASH DIVIDEND
ALLIED BANKSHARES DECLARES 10 PERCENT STOCK DIVIDEND, $.10 PER SHARE QUARTERLY CASH DIVIDEND ON ALL SHARES INCLUDING NEW DIVIDEND SHARES
ALLIED BANKSHARES, INC. DECLARES 10 PERCENT STOCK DIVIDEND AND INCREASES QUARTERLY CASH DIVIDEND BY 10 PERCENT
ALLIED BANKSHARES, INC. DECLARES $.10 PER SHARE CASH DIVIDEND
ALLIED BANKSHARES DECLARES 25 PERCENT STOCK DIVIDEND AND INCREASES QUARTERLY CASH DIVIDEND BY 25 PERCENT
ALLIED BANKSHARES, INC. ANNOUNCES QUARTERLY CASH DIVIDEND OF $.10 PER SHARE
GEORGE MASON BANKSHARES, INC. DECLARES QUARTERLY CASH DIVIDEND
GEORGE MASON BANKSHARES, INC. DECLARES QUARTERLY CASH DIVIDEND
Commercial Bankshares, Inc. Declares Common Stock And Cash Dividends

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