Printer Friendly

ENTERGY CORPORATION INCREASES QUARTERLY DIVIDEND, CONTINUES STOCK BUYBACK PLAN

 ENTERGY CORPORATION INCREASES QUARTERLY DIVIDEND,
 CONTINUES STOCK BUYBACK PLAN
 NEW ORLEANS, Oct. 22 /PRNewswire/ -- Entergy Corporation's (NYSE: ETR) board of directors today voted to increase the quarterly common stock dividend by 5 cents, to 40 cents per share, per quarter.
 The dividend is payable on Dec. 1 to stockholders of record on Nov. 6.
 "The dividend increase," said Gerald McInvale, Entergy's chief financial officer, "is in keeping with the company's policy of reviewing the dividend during the fourth quarter. This also marks the fourth increase in Entergy's dividend since it was reinstated in the last quarter of 1988," McInvale said.
 The board also voted to seek regulatory authorization for a new common stock repurchase program extending through Dec. 31, 1994. The new repurchase program, subject to approval by the Securities and Exchange Commission (SEC), follows Entergy's original stock repurchase program which began in November 1990 and which will conclude at the end of 1992.
 The new repurchase program, once approved, authorizes Entergy's board to acquire additional shares of common stock not to exceed 10 percent of the shares outstanding as of Nov. 30, 1992. The board did authorize a new round of stock repurchases extending from today through Jan. 31, 1993 -- or an earlier date, pending SEC regulations -- in an amount not to exceed $300 million.
 Stock repurchases, McInvale said, are made from time to time on the basis of market conditions and the Entergy board's authorization. There is no obligation or assurance that any repurchase will be made. As of today, Entergy has repurchased 29.5 million shares at a cost of almost $650 million. Approximately 175 million common shares remain outstanding.
 -0- 10/22/92
 /CONTACT: Media: Patrick Sweeney, 504-569-4160, or; Investors: Richard Strawn, 504-569-4360, both of Entergy/
 (ETR) CO: Entergy Corporation ST: Louisiana IN: OIL SU: DIV


EA-BR -- AT012 -- 3696 10/22/92 14:03 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:Oct 22, 1992
Words:309
Previous Article:BROKERED CERTIFICATE OF DEPOSIT RATES GENERALLY ROSE IN LATEST PERIOD, SIA REPORTS
Next Article:AMERICAN LUNG ASSOCIATION OF NORTH CAROLINA TO PRESENT NATIONAL HUMANITARIAN AWARD TONIGHT


Related Articles
ENTERGY CORPORATION DECLARES QUARTERLY DIVIDEND, CONTINUES STOCK REPURCHASE PROGRAM
/C O R R E C T I O N -- ENTERGY CORPORATION/
ENTERGY CORPORATION DECLARES QUARTERLY DIVIDEND, CONTINUES STOCK REPURCHASE PROGRAM
ENTERGY CORPORATION NAMES PALMER TO BOARD, DECLARES QUARTERLY DIVIDEND
ENTERGY CORPORATION DECLARES QUARTERLY DIVIDEND, CONTINUES STOCK BUYBACK PLAN
ENTERGY CORPORATION DECLARES QUARTERLY DIVIDEND; CONTINUES STOCK BUYBACK PLAN
ENTERGY CORPORATION UPS QUARTERLY DIVIDEND, MAULDEN NAMED CHIEF OPERATING OFFICER
Entergy To Redeem Two Preferred Stock Issues
Entergy Increases Dividend 20 Percent.

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