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Strategies & Market Trends : BARNES- B : AN AEROSPACE GIANT THAT HAS A LOT OF POTENTIAL
B 33.08+3.2%Oct 30 3:59 PM EDT

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To: stockvalinvestor who wrote (16)3/27/1997 4:27:00 PM
From: Market Tracker   of 87
 
Kenneth - Barnes goes X-dividend (without div) tomorrow. In order for the corporate records to be updated in a timely fashion on the split, the ex-div date is established. I believe that on Monday 3/31 the stock may also begin to trade on a when-issued basis ( you can either buy split or pre-split shares). The actual date that you will receive the 200% stock distribution (another bookeeping proceedure) is April 25,1997. BTW Barnes' annual stockholders' meeting is being held next Wednesday in Hartford, CT and I will be in attendance. At that meeting, or actually at the Director's meeting that follows the ann. mtg.,the BOD will vote to increase the dividend for 2Q to $0.1667/sh.on the new split shares. Just in case you missed it 'B" closed up 1/8 today with the Dow down 140.
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