Printer Friendly

MBNA Corporation Splits Stock; Quarterly Dividend Announced

WILMINGTON, Del., July 15 /PRNewswire/ -- MBNA Corporation (NYSE: KRB) announced today a three-for-two stock split of its common shares. This will be effected in the form of a dividend, with one additional common share issued on October 1, 1997, for every two common shares held by stockholders of record as of the close of business on September 15, 1997.

MBNA's Board of Directors also declared a quarterly cash dividend of $.12 per common share, payable October 1, 1997, to stockholders of record as of September 9, 1997.

MBNA Corporation, a bank holding company and parent of MBNA America Bank, N.A., a national bank, has $43.2 billion in managed loans. MBNA, the country's second largest credit card lender, also provides retail deposit, consumer loan, insurance, and card acceptance services.

SOURCE MBNA Corporation
 -0- 7/15/97

/CONTACT: Brian D. Dalphon, Director, Investor Relations of MBNA, 302-432-1251/

/MBNA press releases available through Company News On-Call by fax, 800-758-5804, ext. 542850, or at /

CO: MBNA Corporation; MBNA America Bank, N.A. ST: Delaware IN: FIN SU: DIV

DP -- PHTU028 -- 7292 07/15/97 11:39 EDT
COPYRIGHT 1997 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 15, 1997
Previous Article:Carlisle Companies Announces Three Senior Management Appointments
Next Article:Fulton Financial Earned Record Second Quarter Income

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