STOCK SPLITS ANNOUNCED BY CASCADE NATURAL GAS CORP.
SEATTLE, Oct. 8 /PRNewswire/ -- Melvin C. Clapp, Cascade Natural Gas chairman and chief executive officer, announced today that the board of directors has authorized a three for two split of the corporation's common stock. The actual split of the stock will be implemented after all regulatory approvals are obtained. In addition, the board of directors authorized an increase in the dividend on the split stock to 96 cents per year. Clapp emphasized that the board had not declared a dividend at the new rate. Cascade is a natural gas distribution company serving over 125,000 customers in 90 communities in Washington and Oregon. Its common stock is listed on the New York Stock Exchange under the symbol "CGC." -0- 10/8/93 /CONTACT: Don Bennett, executive vice president and chief financial officer, of Cascade Natural Gas, 206-624-3900/ (CGC)
CO: Cascade Natural Gas Corp. ST: Washington IN: UTI SU:
JH -- SE005 -- 0283 10/08/93 16:00 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Oct 8, 1993|
|Previous Article:||WILMINGTON TRUST ACQUISITION OF FREEDOM VALLEY BANK COMPLETED|
|Next Article:||MACARTHUR PARK ANNOUNCES WINNERS OF 1993 ZINFANDEL JUDGING|