Clayton Homes declares quarterly dividend.
The dividend of 2 cents per share is payable on April 19, 1995 to shareholders of record on March 29, 1995. The Company initiated a cash dividend in January, 1995.
The Board also announced the creation of a dividend reinvestment plan for its shareholders. In addition to the automatic reinvestment of cash dividends, the plan permits cash investments of between $100 and $25,000 per quarter with no expense to the shareholder.
"These actions again illustrate the strong financial position of the Company as well as our commitment and concern for our shareholders," said James L. Clayton, chairman and founder of Clayton Homes.
Clayton Homes is America's largest retailer and the fourth largest builder of manufactured homes. The Company builds, sells, finances and insures manufactured homes and operates communities in a 27-state market. Clayton Homes employs 4,000 people nationwide, including 2,000 in Tennessee, where the Company is headquartered.
CONTACT: Clayton Homes, Inc., Knoxville
Joe Stegmayer, 615/595-4704
|Printer friendly Cite/link Email Feedback|
|Date:||Feb 10, 1995|
|Previous Article:||Almiria to distribute Biomira shares.|
|Next Article:||Burlington Coat Factory reports second fiscal quarter and six month results.|