NationsBank Corp - Dividend Declarations

RNS No 5330k
NATIONSBANK CORPORATION
22nd October 1997

 
NATIONSBANK INCREASES QUARTERLY DIVIDEND
 
October 22 - The NationsBank Corporation (NYSE: NB) board of directors today
approved a 5 cent increase, to 38 cents per share, in the quarterly cash
dividend on its common stock.
 
"This 15 per cent quarterly dividend increase reflects our strong operating
performance and management's confidence in the company's earnings momentum"
said Hugh L. McColl Jr., chief executive officer. "It also underscores our
philosophy that increased earnings should result in increased dividend payout
to shareholders."
 
The dividend is payable December 24, 1997, to shareholders of record December
5, 1997.
 
In further action, the board declared a regular quarterly cash dividend of
$1.75 per share on its outstanding 7 per cent cumulative redeemable preferred
stock, Series B. The dividend is payable January 28, 1998, to shareholders of
record January 14, 1998.
 
The preferred stock was issued originally by Boatmen's Bancshares Inc., which
merged with NationsBank on January 7, 1997.
 
NationsBank has retail and commercial banking operations in 16 states and the
District of Columbia. With total assets of $242 billion at September 30, 1997,
NationsBank ranks as the fifth-largest U.S. banking company.
 
Contact: Martha Larsh, NationsBank Corporation, tel North Carolina
001-704-388-4379
 
 
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