Printer Friendly

PIPER JAFFRAY COMPANIES INCREASES QUARTERLY DIVIDEND 43 PERCENT

 PIPER JAFFRAY COMPANIES INCREASES QUARTERLY DIVIDEND 43 PERCENT
 MINNEAPOLIS, Nov. 11 /PRNewswire/ -- The board of directors of Piper Jaffray Companies Inc. (NYSE: PJC), the Minneapolis-based financial services firm, today announced that it has authorized a 43 percent increase in the company's 17.5 cents quarterly common stock dividend. The new quarterly dividend is 25 cents per share.
 The board declared its quarterly dividend of 25 cents per share, payable on Dec. 8, 1992, to shareholders of record on Nov. 24, 1992.
 "The dividend increase reflects the board's confidence in the future earnings strength of Piper Jaffray Companies," said Addison L. Piper, chairman of the board and chief executive officer. "We are pleased to be able to increase shareholder value by sharing the benefits of our strong performance in the form of a substantially increased dividend."
 Piper Jaffray Companies is the parent company of Piper Jaffray Inc., a full-service investment firm with 67 retail sales offices in 16 Midwest, Mountain, Southwest and Pacific Northwest states. Piper Jaffray has capital markets offices in Minneapolis; New York; Seattle; Portland, Ore.; Los Angeles; Kansas City, Mo.; Denver; Lincoln, Neb.; Des Moines, Iowa; and London. Other subsidiaries include Piper Capital Management Incorporated, an asset management company with more than $9 billion under management; and Piper Trust Company, which provides trust services to individuals and institutions. Founded in 1895, Piper Jaffray is a member of the New York Stock Exchange and other major stock exchanges.
 -0- 11/11/92
 /CONTACT: Marie Uhrich of Piper Jaffray, 612-342-6583/
 (PJC) CO: Piper Jaffray Companies, Inc. ST: Minnesota IN: FIN SU: DIV


KH -- MN002 -- 9700 11/11/92 11:31 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:Nov 11, 1992
Words:271
Previous Article:MEDICAL PROPERTIES REPORTS RESULTS
Next Article:SPORTS & RECREATION, INC. OPENS 23RD STORE
Topics:


Related Articles
PIPER JAFFRAY DECLARES STOCK SPLIT, QUARTERLY DIVIDEND
PIPER JAFFRAY DECLARES DIVIDEND
PIPER JAFFRAY REPORTS THIRD QUARTER EARNINGS
PIPER JAFFRAY COMPANIES REPORTS RECORD REVENUES FOR FOURTH CONSECUTIVE YEAR
PIPER JAFFRAY COMPANIES REPORTS FIRST QUARTER EARNINGS
PIPER JAFFRAY COMPANIES DECLARES DIVIDEND
PIPER JAFFRAY COMPANIES INCREASES QUARTERLY DIVIDEND 40 PERCENT; DECLARES TWO-FOR-ONE STOCK SPLIT
OLYMPIC FINANCIAL LTD. ANNOUNCES OFFERING OF CUMULATIVE CONVERTIBLE EXCHANGEABLE PREFERRED STOCK
OLYMPIC FINANCIAL LTD. SAYS OVER-ALLOTMENT OPTION HAS BEEN EXERCISED IN OFFERING OF PREFERRED STOCK
PIPER JAFFRAY COMPANIES PUTS $5 MILLION INTO ADJUSTABLE RATE TERM TRUST - 1995 TO ENHANCE TOTAL RETURN

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