CLARCOR Board Authorizes 2-for-1 Stock Split and Regular Quarterly Dividend
21 März 2005 - 10:15PM
PR Newswire (US)
CLARCOR Board Authorizes 2-for-1 Stock Split and Regular Quarterly
Dividend FRANKLIN, Tenn., March 21 /PRNewswire-FirstCall/ -- The
Board of Directors of CLARCOR Inc. (NYSE:CLC) declared today a
2-for-1 stock split to be distributed April 29, 2005 to all
shareholders of record on April 15, 2005. After the split, CLARCOR
will have approximately 51,519,888 common shares outstanding. "The
split is indicative of the growth and progress CLARCOR has achieved
and the Board's belief that CLARCOR will continue to expand
profitably in the future," said Norm Johnson, Chairman and Chief
Executive Officer in making the announcement. The CLARCOR Board of
Directors at the March 21, 2005 Board meeting declared a regular
quarterly dividend of $0.1275 per share on a pre-split basis. The
dividend is payable on April 29, 2005 to all shareholders of record
on April 15, 2005. Adjusted for the stock split, the annual common
stock dividend rate will be $0.2550 per share or $0.06375 per
quarter. CLARCOR is based in Franklin, Tennessee, and is a
diversified marketer and manufacturer of mobile, industrial and
environmental filtration products and consumer and industrial
packaging products sold in domestic and international markets.
Common shares of the Company are traded on the New York Stock
Exchange under the symbol CLC. DATASOURCE: CLARCOR Inc. CONTACT:
Norman E. Johnson, Chairman of the Board and Chief Executive
Officer of CLARCOR Inc., +1-615-771-3100
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