Printer Friendly

AMSOUTH BANCORPORATION TO INCREASE QUARTERLY CASH DIVIDEND

    AMSOUTH BANCORPORATION TO INCREASE QUARTERLY CASH DIVIDEND
    BIRMINGHAM, Ala., Nov. 21 /PRNewswire/ -- The board of directors of AmSouth Bancorporation (NYSE: ASO), at its regularly scheduled meeting, voted to increase the corporation's quarterly cash dividend 8.3 percent to $.39 per share and, in addition, declared a 3-for-2 stock split.
    The cash dividend is payable on Jan. 2, 1992, to shareholders of record as of 5 p.m., Dec. 13.  The cash dividend has been calculated and will be paid based on the common stock outstanding prior to the split.
    The stock split is payable to shareholders of record as of 5 p.m. Dec. 13.  The additional certificates will be mailed to shareholders on or about Jan. 15, 1992.
    In commenting on the dividend increase and stock split, John W. Woods, chairman of the board and chief executive officer, stated, "The stock split and dividend increase are consistent with our goal of increasing the long-term value of our company for stockholders while providing them with a competitive return on their investment."
    AmSouth Bancorporation has consistently increased its dividends paid to shareholders since it began operations in 1972, and has been recognized by Moody's Investor Service as a dividend achiever for consistently increasing dividends paid to shareholders over the past 15 years.
    AmSouth Bancorporation is headquartered in Birmingham, Ala., and has consolidated assets of $9.1 billion.  The corporation operates over 180 banking offices in Alabama, northwest Florida and Tennessee and 14 mortgage banking offices in six southeastern states.
    -0-                 11/21/91
    /CONTACT:  Catherine W. Smith of AmSouth Bancorporation, 205-583-4439/
    (ASO) CO:  AmSouth Bancorporation ST:  Alabama IN:  FIN SU:  DIV BR-BN -- AT009 -- 5948 11/21/91 13:41 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 21, 1991
Words:279
Previous Article:KEYSTONE FINANCIAL INCREASES CASH DIVIDEND
Next Article:GREYHOUND FINANCIAL
Topics:


Related Articles
CITIZENS NATIONAL CORPORATION DECLARES CASH DIVIDEND
AmSouth Bancorporation Announces Increase in Quarterly Dividend
AmSouth Bancorporation Board Announces Quarterly Dividend.
AmSouth Bancorporation Board Increases Dividend 17.6 Percent.
AmSouth Bancorporation Board Announces Quarterly Dividend.
AmSouth Bancorporation Announces Plan to Repurchase 35 Million Shares and Declares Regular $.20 Quarterly Dividend.
AmSouth Bancorporation Board Announces Regular Quarterly Dividend.
AmSouth Bancorporation Board Increases Dividend 5 Percent.
AmSouth Bancorporation Board Announces Quarterly Dividend.
AmSouth Bancorporation Board Announces Quarterly Dividend.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters