C&S/SOVRAN DECLARES $.31 DIVIDEND
C&S/SOVRAN DECLARES $.31 DIVIDEND ATLANTA, Nov. 19 /PRNewswire/ -- The board of directors of
C&S/Sovran Corporation (NYSE:CVN) today declared a fourth quarter dividend of $.31, payable on Dec. 27 to shareholders of record on Dec. 6.
The $.31 dividend equals .84 percent of NCNB's fourth quarter dividend of $.37. C&S/Sovran and NCNB have signed a definitive agreement to merge. Under the terms of the agreement, each share of C&S/Sovran common stock will be exchanged for .84 shares of NCNB common stock. Shareholders of both companies approved the merger November 1. The companies currently anticipate a year-end closing. -0- 11/19/91 /CONTACT: INVESTORS: Sherry Hubler, 404-581-2601, or MEDIA: Scott Screden, 404-581-5555, both of C&S/Sovran Corp./ (CVN) CO: C&S/Sovran Corporation ST: Georgia IN: FIN SU: DIV BR-BN -- AT021 -- 5099 11/19/91 16:28 EST
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|Date:||Nov 19, 1991|
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