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Article: Tasty Baking Company Declares Regular Quarterly Cash Dividend, Adopts Shareholder Rights Plan, and Announces Stock Repurchase Plan.
- Article from:
- Business Wire
- Article date:
- July 30, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
PHILADELPHIA--(BUSINESS WIRE)--July 30, 2003
Tasty Baking Company (NYSE:TBC) today announced that its Board of Directors at its meeting on July 30, 2003, declared a regular quarterly cash dividend of $0.05 per share on all outstanding shares of common stock. The dividend is payable September 2, 2003, to shareholders of record as of the close of business on August 11, 2003.
The Board of Directors also adopted a Shareholder Rights Plan that provides for rights to be issued to shareholders of record as of July 30, 2003. The Shareholder Rights Plan is designed to deter abusive takeover tactics and inadequate bids that would prevent ...