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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (1975)	12/30/1998 2:43:00 PM
From: RCJIII	Read Replies (1) \| Respond to of 11130

Still researching details of SIEBR, this news just released- (PR NEWSWIRE) Siebert Financial Corp. Increases Quarterly Dividend by 33%; Siebert Financial Corp. Increases Quarterly Dividend by 33%; Chairwoman Muriel Siebert Again Waives Payment on Shares She Owns NEW YORK, Dec. 30 /PRNewswire/ -- Directors of Siebert Financial Corp. (Nasdaq: SIEB) have declared the Company's fifth consecutive quarterly dividend at four cents per share on the Common Stock of the company, payable January 28, 1999 to shareholders of record as of January 18, 1999. The quarterly dividend of four cents per share represents an increase of 33% over the three cents per share paid in the previous quarter. As majority shareholder of Siebert Financial Corp., Chairwoman Muriel F. Siebert waived her right to receive any portion of the dividend, which in her case would have amounted to $799,600. Ms. Siebert similarly waived her portion of previous dividends, declared for the fourth quarter of 1997 and the first, second, and third quarter of 1998. Such waivers reflect Ms. Siebert's desire to have minority shareholders receive a current return on their investment in the company while utilizing cash to finance growth opportunities in technology, investment banking services and brokerage services through either internal development or acquisition. Siebert Financial Corp. is a holding company which conducts all its operations through its wholly owned subsidiary, Muriel Siebert & Co., Inc. ("Siebert"), a member of the New York Stock Exchange. Siebert conducts its municipal investment banking activities through Siebert, Brandford, Shank & Co., LLC, a separate affiliate specializing in municipal and other fixed income underwriting and financial advisory business. Siebert is based in New York City with additional retail branches in Boca Raton, Surfside, Palm Beach and Naples, FL; Beverly Hills, CA and Morristown, NJ. In addition, Siebert, Brandford, Shank & Co. has offices in San Francisco, Los Angeles, Seattle, Houston, Chicago, Detroit and Dallas. SOURCE Siebert Financial Corp. -0- 12/30/98 /CONTACT: Mitchell M. Cohen, Chief Financial Officer of Siebert Financial Corp., 212-644-6866, or MCohen@Siebertnet.com; or Gregory Pettit, 212-591-9772, or Billee Howard, 212-591-9823, both of Shandwick USA, for Siebert Financial Corp./ /Web site: siebertnet.com (SIEB) CO: Siebert Financial Corp.