United States Enrichment Corporation (USU) Message Board

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Non-Tech : United States Enrichment Corporation (USU)

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To: James Clarke who wrote (37)	11/11/1998 7:18:00 AM
From: Roy F	of 81

USEC sets first qtly div of $0.275/shr November 10, 1998 09:55 PM BETHESDA, Md., Nov 10 (Reuters) - USEC Inc. said on Tuesday its board of directors declared the company's first regular quarterly dividend of $0.275 per share. The dividend is payable December 15 to shareholders of record November 25. The dividend declaration is another important step for USEC in its new identity as a publicly traded company with thousands of shareholders, said William Timbers, Jr., the company's president and chief executive, in a statement. "Based on a closing price of $14.50 for USEC shares on November 9, our initial quarterly dividend indicates an annual yield of 7.6 percent," Timbers said. During 1999, USEC anticipates dividend payment dates of March 15, June 15, September 15 and December 15. USEC is the world leader in production and sales of uranium fuel enrichment services for commercial nuclear power plants. ((--New York Newsdesk (212) 859-1700)) REUTERS

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