Printer Friendly

FLEETWOOD ANNOUNCES STOCK SPLIT

 RIVERSIDE, Calif., Jan. 28 /PRNewswire/ -- The board of directors of Fleetwood Enterprises Inc., the nation's leading producer of recreational vehicles and manufactured housing, today declared a 2-for-1 stock split and increased the quarterly cash dividend by 9 percent. The split will be effected as a 100 percent stock dividend, and the new shares will be issued March 1, 1993 to shareholders of record Feb. 12.
 John C. Crean, chairman of the board and chief executive officer, commented on the board's action saying, "We feel that the stock split will enhance the marketability of Fleetwood's common stock. Fleetwood presently has 75 million common shares authorized, and there will be 45,667,000 common shares outstanding after the split," Crean said.
 At the same time, the directors declared a 12 1/2 cent quarterly dividend on the split shares payable May 12, 1993, to shareholders to record April 2. As previously announced, the company will pay a 23-cent-per-share dividend on the pre-split shares on Feb. 10, 1993, to shareholders of record Jan. 4.
 Fleetwood also recently reported the best third quarter and nine-month sales performance in the company's history. Preliminary revenues for the quarter ended Jan. 24, 1993, increased 32 percent, to $449 million compared to $341.1 million a year ago. For the nine-month period, revenues surged 23 percent to $1.39 billion, up from $1.13 billion last year.
 -0- 1/28/93
 /CONTACT: Paul M. Bingham, financial VP, 909-351-3504, or Lyle N. Larkin, 909-351-3535, both of Fleetwood Enterprises/
 (FLE)


CO: Fleetwood Enterprises Inc. ST: California IN: CST AUT SU:

BP -- LA022 -- 0293 01/28/93 13:00 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 28, 1993
Words:269
Previous Article:CHARLES RINEHART PROMOTED TO VICE CHAIRMAN AND FREDRIC FORSTER NAMED PRESIDENT OF HOME SAVINGS
Next Article:LOW INTEREST RATES, SURGE OF REFINANCING ACTIVITY LED TO RECORD-SETTING YEAR FOR REAL ESTATE LENDING IN CALIFORNIA
Topics:


Related Articles
FLEETWOOD DECLARES REGULAR DIVIDEND
FLEETWOOD ANNOUNCES DIVIDEND INCREASE
FLEETWOOD DECLARES REGULAR DIVIDEND
FLEETWOOD ANNOUNCES DIVIDEND INCREASE
FLEETWOOD DECLARES REGULAR DIVIDEND
FLEETWOOD DECLARES REGULAR DIVIDEND
FLEETWOOD DECLARES REGULAR DIVIDEND
Fleetwood Announces Dividend Increase
Fleetwood Completes $287.5 Million Private Placement
Fleetwood Announces Dividend Increase

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters