anybody know how a one for one stock dividend works??
does it do the same thing as a stock split or what?
would it be similiar to the phenomenon of the run up on stock splits (well sometimes)
%IPC-INFORMATION-SYSTEMS IPCX %NEW-YORK %COMPUTERS %ELECTRONICS %COMED
%TELECOMMUNICATIONS %DIVIDEND V%BW P%BW
Jump to first matched term
NEW YORK--(BUSINESS WIRE)--May 29, 1998--IPC Information Systems, Inc. (Nasdaq: IPCX) today
announced the declaration of a one for one stock dividend. The dividend will be issued to holders of record on
June 10, 1998 and will be distributed on June 24, 1998. As a result of this stock dividend the number of shares
outstanding will be increased from 4,038,094 shares to 8,076,188 shares.
IPC Information Systems, Inc. is a world leader in providing integrated telecommunications equipment and
services that facilitate the execution of transactions by the financial trading community. IPC serves customers in
more than 35 countries. Its patented digital Tradenet MX(R) turret is the most widely installed voice trading
system in the world. Through its subsidiary, IXnet, IPC operates an international voice and data network,
providing a variety of dedicated private line, managed data and switched voice services, which has been
specifically designed to meet the specialized telecommunications requirements of the financial trading community.
In addition, IPC installs and services the cabling infrastructure and networks which provide financial traders with
desktop access to time-sensitive communications and data. For more information, visit IPC's Web site at
www.ipc.com.
CONTACT: IPC Information Systems, Inc. - Investor Relations
Brian Reach, (212) 858-7808 |
