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<<SPLIT>>SOUTHWEST SECURITIES GROUP DECLARES REGULAR
CASH DIVIDEND,
PR Wire
May 7, 1999, 4:13 a.m. PT
Announces 10% Stock Dividend, Elects New Board Member
DALLAS, May 7 /PRNewswire/ -- The Board of Directors of Southwest
Securities Group, Inc. (NYSE: SWS) declared a regular quarterly dividend of
7 cents per share, declared a 10 percent stock dividend and elected a new
director at its meeting on Thursday, May 6, 1999.
The regular cash dividend will be payable on July 1, 1999 to common
shareholders of record at the close of business on June 15, 1999.
The 10 percent stock dividend will be distributed on Aug. 2, 1999 to
shareholders of record as of July 15, 1999. Shareholders will receive one new
share for each 10 shares of SWS owned as of the record date. Fractional
shares will be paid in cash. All outstanding options will be adjusted by this
stock dividend. |
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