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Article: Cobalt Corporation Reiterates Change in Dividend Policy; Move Reflects Industry Practices, Increased Shares Following Merger with Blue Cross.
- Article from:
- Business Wire
- Article date:
- December 21, 2001
CopyrightCOPYRIGHT 2001 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/Health & Medical Writers
MILWAUKEE--(BUSINESS WIRE)--Dec. 21, 2001
Cobalt Corporation will not pay a dividend for 2001, according to an official announcement released today. The statement reflects comments by Thomas R. Hefty, chairman, president and CEO of Cobalt Corporation in an earnings guidance conference call on December 14.
The change in Cobalt Corporation dividend policy reflects general HMO industry practice, and is in response to the increase in shares issued in conjunction with the merger with Blue Cross in ...