LUCENT TECHNOLOGIES: Lucent declares quarterly dividend, payable June 1, 1998
Presswire - April 16, 1998 19:57
M2 PRESSWIRE-16 April 1998-LUCENT TECHNOLOGIES: Lucent declares quarterly dividend, payable June 1, 1998 (C)1994-98 M2 COMMUNICATIONS LTD
MURRAY HILL, N.J. - Lucent Technologies' Board of Directors today declared a quarterly dividend of 4 cents ($0.04) per common share, payable June 1, 1998, to shareowners of record April 30, 1998.
Lucent's quarterly dividend rate was 7-1/2 cents ($0.075) per common share prior to Lucent's two-for-one stock split on April 1. Today's action increases Lucent's dividend rate from 3-3/4 cents ($0.0375) per common share to 4 cents ($0.04) per common share after the split.
The dividend will go to about 3 million shareowners.
Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent, visit the company's web site at lucent.com.
CONTACT: Jeff Baum, Lucent Technologies Tel: +1 908 582-7635 e-mail: jbaum@lucent.com Bill Price, Lucent Technologies Tel: +1 908 582-4820 e-mail: williamprice@lucent.com
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