Printer Friendly

METROPOLITAN FINANCIAL INCREASES CASH DIVIDEND

 MINNEAPOLIS, June 22 /PRNewswire/ -- The board of directors of Metropolitan Financial Corporation (NYSE: MFC) today declared a quarterly cash dividend of $0.10 per common share to be paid on July 30, 1993 to shareholders of record July 15, 1993. In light of the 10 percent stock dividend declared on May 5, 1993 and payable on July 12, 1993, this cash dividend represents a 10 percent increase over the dividend paid on April 30, 1993.
 This cash dividend increase follows an increase of nearly 42 percent in November 1992. This is the tenth time Metropolitan Financial Corporation has increased its cash dividend in the past nine years. Metropolitan Financial Corporation has paid cash dividends consistently since its initial pub&ic offering in 1983 and had paid stock dividends every year since 1985.
 A dividend of $0.72 per share was declared on the company's $2.875 cumulative perpetual preferred stock, Series B, to shareholders of record July 15, 1993. This dividend will be paid on July 30, 1993. The Series B preferred was issued November 28, 1990 as part of a Units underwriting and began trading separately from its warrant on January 15, 1991.
 Metropolitan Financial Corporation is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, North Dakota, operates over 160 offices in the states of Minnesota, North Dakota, South Dakota, Nebraska, Iowa, Kansas, Wisconsin and Arizona.
 -0- 6/22/93
 /CONTACT: William P. Bartowski of Metropolitan Financial, 612-928-5003/
 (MFC)


CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU: DIV

DB -- MN008 -- 4638 06/22/93 14:46 EDT
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:Jun 22, 1993
Words:268
Previous Article:AMERICAN STORES CO. DECLARES QUARTERLY CASH DIVIDEND, RE-ELECTS FIVE CLASS III DIRECTORS
Next Article:BACHMAN EXPANDS CLIENT/SERVER OFFERINGS NEW SOLUTIONS PROVIDE SUPPORT FOR DISTRIBUTED DEVELOPMENT
Topics:


Related Articles
METROPOLITAN FINANCIAL INCREASES COMMON STOCK CASH DIVIDEND: SECOND INCREASE THIS YEAR, EIGHTH CONSECUTIVE ANNUAL INCREASE
METROPOLITAN FINANCIAL ANNOUNCES CASH DIVIDENDS
METROPOLITAN FINANCIAL DECLARES 2-FOR-1 STOCK SPLIT INCREASES CASH DIVIDEND
METROPOLITAN FINANCIAL SHAREHOLDERS APPROVE ALL BUSINESS ITEMS BOARD DECLARES 2-FOR-1 STOCK SPLIT
METROPOLITAN FINANCIAL INCREASES COMMON DIVIDEND
METROPOLITAN FINANCIAL INCREASES DIVIDEND
METROPOLITAN FINANCIAL DECLARES QUARTERLY DIVIDEND
METROPOLITAN FINANCIAL TO PAY STOCK DIVIDEND
METROPOLITAN FINANCIAL DECLARES CASH DIVIDEND
METROPOLITAN FINANCIAL CORPORATION INCREASES QUARTERLY DIVIDEND 100 PERCENT

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