Printer Friendly

MARK TWAIN BANCSHARES DECLARES FIRST QUARTER DIVIDEND

 MARK TWAIN BANCSHARES DECLARES FIRST QUARTER DIVIDEND
 ST. LOUIS, Jan. 23 /PRNewswire/ -- The board of directors of Mark Twain Bancshares, Inc. (NASDAQ: MTWN) announced today a first quarter dividend of $0.24 ($0.96 annually) to be paid on Feb. 7, 1992, to shareholders of record of its common stock (par value $1.25) on Feb. 3.
 "With an 89 percent appreciation in stock price to $24,125 and 22 percent increase in earnings for a record $19.576 million in 1991, we think Mark Twain stock was one of the best investments of the year," said John Dubinsky, Mark Twain president and chief executive officer. "We are proud to be able to reward our shareholders with a strong and consistent dividend and, at the same time, reinvest the remainder of earnings in the company for future growth."
 Mark Twain stock closed the 1991 year at $24.125 and was up 89.2 percent from Dec. 31, 1990. An A.G. Edwards banking industry overview report dated Dec. 13 ranked Mark Twain 39th of all banking companies in the country in stock performance throughout the year. During the fourth quarter, Mark Twain stock performance ranked 22nd. In both periods, Mark Twain stock performed above all other Missouri banking companies. By year-end, Mark Twain stock has increased $1.625 from the date of the report, when the stock was priced $22.50.
 Mark Twain's first quarter dividend is the 89th consecutive quarterly common stock dividend in the history of the company, which has increased its dividend rate 24 times in the 22 years since the company's public formation in 1969. The most recent increase was in July 1991, when the company raised the dividend rate by 9 percent. Mark Twain's historical dividend increases qualified it for Moody's 1991 list of dividend achievers, a group of 362 out of the total 9,700 public companies nationwide that have increased their dividends a minimum of 10 consecutive years. There have been three common stock splits in the company's history: a three-for-two split in 1987, and two two-for-one splits in 1979 and 1983.
 Mark Twain Bancshares, Inc., a 28-year-old bank holding company, operates 28 locations: 18 throughout St. Louis, St. Louis County and St. Charles County; as well as five in Kansas City, Mo., and five in Belleville and Edwardsville, Ill. Mark Twain also operates 43 brokerage locations in six states, including a substantial office in Chicago, Illinois. Related financial services include: Mark Twain Bond Department; Mark Twain Brokerage Services, Inc.; Mark Twain Commercial Finance Division; Mark Twain International; Mark Twain Leasing Company; Mark Twain Mortgage Company; and Mark Twain Trust Division.
 -0- 1/23/92
 /CONTACT: Kris Bakken, 314-889-0781, or Keith Miller 314-889-0799, both of Mark Twain Bancshares/
 (MTWN) CO: Mark Twain Bancshares Inc. ST: Missouri IN: FIN SU: DIV


CK -- NY054 -- 2789 01/23/92 12:04 EST
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:Jan 23, 1992
Words:476
Previous Article:AMERICAN ADJUSTABLE RATE TERM TRUST INC. - 1998 OFFERS 34,000,000 SHARES AT $10 PER SHARE
Next Article:BOEING CEO CALLS FOR END TO CIVIL AIRCRAFT SUBSIDIES
Topics:


Related Articles
MARK TWAIN BANCSHARES ANNOUNCES FOURTH QUARTER DIVIDEND
MARK TWAIN BANCSHARES ANNOUNCES AN 11.6 PERCENT INCREASE IN COMMON STOCK DIVIDEND
MARK TWAIN BANCSHARES ANNOUNCES FOURTH QUARTER DIVIDEND
MARK TWAIN BANCSHARES ANNOUNCES SECOND QUARTER DIVIDEND
MARK TWAIN BANCSHARES ANNOUNCES FOURTH QUARTER DIVIDEND, ITS 100TH CONSECUTIVE QUARTERLY DIVIDEND & 25TH ANNIVERSARY OF PUBLIC OWNERSHIP
MARK TWAIN ANNOUNCES 12.5% INCREASE IN QUARTERLY DIVIDEND
MARK TWAIN BANCSHARES ANNOUNCES SECOND QUARTER DIVIDEND
MARK TWAIN BANCSHARES ANNOUNCES 14.8% INCREASE IN QUARTERLY DIVIDEND
Mark Twain Bancshares Announces 12.9% Increase in Quarterly Dividend
Mark Twain Bancshares Announces 17.1 Percent Increase in Quarterly Dividend

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