Printer Friendly

HEILIG-MEYERS COMPANY ANNOUNCES THREE-FOR-TWO STOCK SPLIT AND QUARTERLY CASH DIVIDEND

 HEILIG-MEYERS COMPANY ANNOUNCES THREE-FOR-TWO STOCK SPLIT
 AND QUARTERLY CASH DIVIDEND
 RICHMOND, Va., Dec. 19 /PRNewswire/ -- Heilig-Meyers Company (NYSE: HMY), the Richmond-based home furnishings retailer, today announced that its Board of Directors has declared a three-for-two split of its outstanding common stock, $2 par value. In addition, the Board declared a quarterly cash dividend of eight cents per share which is comparable to the previous quarterly dividend of twelve cents per share after adjustment for the stock split.
 Stockholders of record of common stock at the close of business on Dec. 30, 1991 will be entitled to participate in the stock split. Certificates representing the new shares will be distributed on Jan. 8, 1992. The quarterly cash dividend will be paid on Feb. 22, 1992 to stockholders of record on Jan. 22, 1992.
 At present, Heilig-Meyers has approximately 12.8 million shares outstanding; following the split the Company will have approximately 19.2 million shares outstanding. Crestar Bank in Richmond, Virginia serves as registrar and transfer agent for the Company.
 William C. DeRusha, Chairman and Chief Executive Officer, stated, "The stock split reflects the Board's confidence in Heilig-Meyers' current performance and long-term potential."
 Heilig-Meyers Company, a Virginia corporation, presently operates 363 stores in 14 states.
 -0- 12/19/91
 /CONTACT: Roy Goodman, Heilig-Meyers Company, 804-359-9171/
 (HMY) CO: Heilig-Meyers Company ST: Virginia IN: REA SU: DIV


JM -- CH004 -- 3793 12/19/91 10:28 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 19, 1991
Words:233
Previous Article:GUILFORD MILLS DECLARES 3-FOR-2 STOCK SPLIT AND AN INCREASE IN QUARTERLY CASH DIVIDEND
Next Article:CENTURY CONTRACTORS WEST AWARDED TURNKEY CONTRACT
Topics:


Related Articles
HEILIG-MEYERS COMPANY ANNOUNCES RESULTS
HEILIG-MEYERS COMPANY DECLARES QUARTERLY DIVIDEND INCREASE
HEILIG-MEYERS DECLARES SPLIT OF OUTSTANDING COMMON STOCK
HEILIG-MEYERS REPORTS EARNINGS
HEILIG-MEYERS DECLARES SPLIT OF OUTSTANDING COMMON STOCK
Heilig-Meyers Announces Merger With Rhodes, Inc. and Quarterly Earnings Results
Heilig-Meyers Declares Quarterly Dividend
Heilig-Meyers Declares Quarterly Dividend
RHODES READIES NEW STRATEGY.

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