ANDOVER TOGS DECLARES TEN PERCENT STOCK DIVIDEND
ANDOVER TOGS DECLARES TEN PERCENT STOCK DIVIDEND NEW YORK, Nov. 11 /PRNewswire/ -- Andover Togs, Inc. (NASDAQ: ATOG)
announced today that its board of directors has declared a 10 percent stock dividend on its common stock $.10 par value. The dividend will be paid on Dec. 9, 1991 in the form of one share of common stock for every ten shares outstanding and held of record at the close of business on Nov. 25, 1991. On Nov. 11, 1991, there were 3,200,575 shares of Andover common stock outstanding. Cash will be paid in lieu of fractional shares.
Andover Togs, Inc. manufactures children's and ladies' private label and branded apparel. The company currently has licensing agreements for Sasson (R) for children's wear and women's knit tops and active wear. In addition, the company has a boys' wear license for the Tonka (R) trademark. -0- 11/11/91 /CONTACT: Alan Kanis, CFO of Andover Togs, 212-244-0700/ (ATOG) CO: Andover Togs, Inc. ST: New York IN: TEX SU: DIV KD-KW -- NY070 -- 3165 11/11/91 16:49 EST
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|Date:||Nov 11, 1991|
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