Printer Friendly

SCOTT & STRINGFELLOW FINANCIAL, INC. TO PAY EXTRA DIVIDEND TO SHAREHOLDERS

 SCOTT & STRINGFELLOW FINANCIAL, INC. TO PAY
 EXTRA DIVIDEND TO SHAREHOLDERS
 RICHMOND, Va., June 12 /PRNewswire/ -- Scott & Stringfellow Financial, Inc., (NASDAQ-NMS: SCOT), has declared its fourth quarterly dividend for fiscal 1992 of eight cents per share of common stock payable to shareholders of record July 1, 1992. In addition, the firm declared an extra dividend of $0.52 per share of common stock payable to shareholders of record July 1, 1992, bringing the total fourth quarter dividend to $0.60.
 According to William P. Schubmehl, president and chief executive officer, "The extra dividend when combined with the quarterly dividend, represents a total payout to shareholders of $0.83 per share for fiscal year ended June 26, 1992." Schubmehl went on to say, "the firm has made the decision to pay an extra dividend for the second year in a row because it finds itself in excellent financial condition, and able to meet its current and projected capital requirements with its strong permanent capital base."
 In making the announcement Schubmehl said that both dividends would be payable to shareholders on July 15, 1992. The firm currently has 1,756,573 shares outstanding and has repurchased 392,067 shares since 1987.
 Scott & Stringfellow Investment Corp. was founded in Richmond, Virginia in 1893 and is the South's oldest continuous member of the New York Stock Exchange. The common stock of the holding company, Scott & Stringfellow Financial, Inc. has been traded in the Over-the-Counter market since an initial public offering in November, 1986. The firm has 26 branch offices throughout Virginia, North Carolina and West Virginia and 382 employees of which 166 have full-time Investment Broker positions.
 -0- 6/12/92
 /CONTACT: William P. Schubmehl, President and CEO, Scott & Stringfellow Financial, Inc., 804-643-1811/
 (SCOT) CO: Scott & Stringfellow Financial, Inc. ST: Virginia IN: FIN SU: DIV


JZ -- CH004 -- 9615 06/12/92 11:01 EDT
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:Jun 12, 1992
Words:309
Previous Article:ABBOTT DECLARES DIVIDEND, AUTHORIZES REDEMPTION OF RIGHTS
Next Article:BIOSPECIFICS KNOWS OF NO REASON FOR DROP IN STOCK; COMPANY SAYS FUNDAMENTALS STILL ON TRACK
Topics:


Related Articles
SCOTT & STRINGFELLOW INVESTMENT CORPORATION DECLARES DIVIDEND
SCOTT & STRINGFELLOW'S EARNINGS UP 25 PERCENT IN SECOND QUARTER
SCOTT & STRINGFELLOW ANNOUNCES RESULTS FOR SECOND QUARTER OF FISCAL 1994
SCOTT & STRINGFELLOW DECLARES QUARTERLY DIVIDEND
SCOTT & STRINGFELLOW ANNOUNCES EARNINGS FOR THIRD QUARTER OF FISCAL 1994
FORD NAMED DIRECTOR OF RESEARCH AT SCOTT & STRINGFELLOW
SCOTT & STRINGFELLOW REPORTS FINANCIAL RESULTS FOR SECOND QUARTER AND FIRST HALF OF FISCAL 1995
BB&T Completes Acquisition of Scott & Stringfellow.
American Capital Raises $85 Million in Successful Secondary Offering.
American Capital Completes $93.3 Million Equity Offering.

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