Printer Friendly

MARGO NURSERY FARMS, INC. ANNOUNCES CASH DIVIDEND OF $4.00 PER SHARE

 MIAMI, Jan. 11 /PRNewswire/ -- Margo Nursery Farms, Inc. (OTC) (the "company") announced today that its board of directors declared a cash dividend of $4.00 per share on the company's outstanding common stock. The dividend will be paid on Feb. 5, 1993 to shareholders of record as of Jan. 25, 1993.
 The dividend represents a portion of the amounts received by the company from the settlement of its claims against E.I. du Pont de Nemours & Company. After the payment of the dividend, the company will continue to have cash and cash equivalents in excess of $9 million and a stockholders' equity of more than $6 million. In approving the dividend, the board of directors determined that the company will continue to have more than enough cash to meet the company's current and anticipated working capital requirements.
 The company produces and markets a wide variety of tropical and ornamental plants.
 -0- 1/11/93
 /CONTACT: Alfred Smith for Margo Nursery Farms, Inc., 305-358-6300/


CO: Margo Nursery Farms, Inc. ST: Florida IN: SU: DIV

JB-JJ -- FL007 -- 3457 01/11/93 10:21 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 11, 1993
Words:182
Previous Article:VIE DE FRANCE CORPORATION REPORTS PROFITABLE SECOND QUARTER RESULTS
Next Article:CARNIVAL CRUISE LINES CONTRACTS FOR WORLD'S LARGEST CRUISE SHIP
Topics:


Related Articles
MARGO NURSERY FARMS ANNOUNCES 1990 YEAR END RESULTS
MARGO NURSERY FARMS, INC. ANNOUNCES COMMENCEMENT OF TRADING ON NASDAQ
MARGO NURSERY FARMS, INC. ANNOUNCES EARNINGS OF $15,678,000 FOR 1992
MARGO NURSERY FARMS, INC. ANNOUNCES FIRST QUARTER 1993 RESULTS OF $915,000 OR $0.48 PER COMMON SHARE
MARGO NURSERY FARMS, INC. ANNOUNCES SECOND QUARTER 1993 RESULTS OF OPERATIONS
MARGO NURSERY FARMS, INC. ANNOUNCES EARNINGS OF $4,950,000 FOR THE YEAR ENDING DECEMBER 31, 1993
MARGO NURSERY FARMS, INC. ANNOUNCES FIRST QUARTER 1994 RESULTS
MARGO NURSERY FARMS, INC. ANNOUNCES SECOND QUARTER 1994 RESULTS OF OPERATIONS
MARGO NURSERY FARMS, INC. ANNOUNCES FINANCIAL RESULTS FOR THE YEAR ENDING DECEMBER 31, 1994
MARGO NURSERY FARMS, INC. ANNOUNCES FIRST QUARTER 1995 RESULTS OF OPERATIONS

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