DAL PR. I didn't think to post this on the 22nd. Oh, well. Better never than late.
New York, NY, October 22, 1998 -- At Delta Air Lines' annual meeting today, shareowners approved a two-for-one split of Delta's common stock. Additionally, shareowners approved an increase in the number of shares of common stock from 150 million to 450 million shares. The split will be effective for common shareowners of record on November 2, 1998, with the new shares to be distributed on or about November 16, 1998.
Delta's Board of Directors declared a cash dividend of two and one-half cents per common share, reflecting the stock split. The dividend is payable December 1, 1998, to common shareowners of record at the close of business on November 2, 1998 on a post-split basis.
In July 1998, Delta's Board of Directors authorized the Company to repurchase up to $750 million of its common stock through December 31, 1999. Delta completed approximately $400 million of this repurchase program during the September 1998 quarter.
|
