Printer Friendly

WHITMAN CORP. INCREASES DIVIDEND, AUTHORIZES REPURCHASE

 CHICAGO, May 5 /PRNewswire/ -- The board of directors of Whitman Corp. (NYSE: WH), at a meeting held today, increased the regular quarterly dividend and authorized repurchase of up to 2.5 million shares of the company's common stock.
 The board increased the regular quarterly dividend on the company's common stock to 7.5 cents a share. The new indicated annual dividend rate is 30 cents a share, for an increase of 15.4 percent. The dividend is payable July 1, 1993, to shareholders of record on June 11, 1993.
 The board also authorized the repurchase of up to 2.5 million shares of Whitman common stock, or approximately 2.3 percent of the company's outstanding shares. The repurchased shares will be available for general corporate purposes, including for use in the company's employee benefit and long-term incentive programs. The repurchase of these shares will be accomplished from time to time, through open market purchases and privately negotiated transactions.
 Whitman Corp.'s operating companies are Pepsi-Cola General Bottlers, Midas International and Hussmann Corp.
 -0- 5/5/93
 /CONTACT: Whitman corporate relations, 312-818-5000/
 (WH)


CO: Whitman Corp. ST: Illinois IN: FOD SU: DIV

GK -- NY050 -- 4851 05/05/93 11:51 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:May 5, 1993
Words:200
Previous Article:LSB INDUSTRIES, INC. ANNOUNCES $49 MILLION LETTER OF INTENT WITH FOREIGN CUSTOMER
Next Article:DECORATOR INDUSTRIES, INC. FIRST QUARTER PROFITS SOAR 161 PERCENT ON INCREASED SALES
Topics:


Related Articles
WHITMAN CORPORATION ANNOUNCED DIVIDEND
WHITMAN ELECTS DIRECTORS
WHITMAN CORP. AMENDS STOCKHOLDER RIGHTS PLAN
WHITMAN CORP. DECLARES DIVIDEND
WHITMAN CORP. DECLARES DIVIDEND
WHITMAN CORP. ELECTS DIRECTORS AT ANNUAL MEETING
WHITMAN CORP. DECLARES DIVIDEND
WHITMAN CORP. INCREASES REGULAR QUARTERLY DIVIDEND
WHITMAN CORP. ANNOUNCEMENT

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