How will the stock dividend affect my regular dividends?
A. On April 28, 2004 shareholders of record at the close of business on April 6, 2004 will receive a dividend of 50 cents per common share, as well as one additional common share (i.e. the stock dividend). Note: the stock dividend takes place following the payment of the cash dividend of 50 cents per common share held as at Record Date. Since there is expected to be a reduction in the market price per share by roughly half to correspond with the doubling of the number of shares, subsequent quarterly dividends will be at half the rate per share as was previously paid, subject to the approval of and declaration by the Board of Directors.
