Dean Foods dividend to cost $1.9 billion |
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Published
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Thu, 29 Mar 2007 12:47
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DALLAS (AP) - Dean Foods Co., which distributes milk and other dairy products, said its previously announced special dividend of $15 per share will result in a total payout to shareholders of about $1.94 billion, based on the number of its shares outstanding as of Wednesday.Dean Foods said late Wednesday it had about 129.6 million basic shares outstanding.The company plans to pay the dividend April 2 to shareholders of record March 27.The special dividend remains subject to the completion of financing.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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