"I am excited to announce a 10-cent increase in our dividend to an
annual rate of $1.95 per share," said Terry
The company, with 165 years of dividend payments to shareholders, has
one of the longest dividend payment records on the New
The new quarterly dividend amount will be effective for the next quarterly dividend, which is expected to be payable May 1, 2016 to shareholders of record on April 10, 2016.
This news release and other statements by us include forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 with respect to the amount of, and future payment of,
dividends, the outlook for earnings, revenues and other future financial
business performance or strategies and expectations. Forward-looking
statements are typically identified by words such as, but not limited
to, "estimates," "expects," "anticipates," "intends," "believes,"
"plans," and similar expressions, or future or conditional verbs such as
"will," "should," "would," and "could." Although we believe such
forward-looking statements are based on reasonable assumptions, we
cannot give assurance that every objective will be achieved.
Forward-looking statements speak only as of today, and we assume no duty
to update them. Factors that could cause actual results to differ
materially from those expressed or implied include, but are not limited
to, general economic conditions and the factors discussed under the
"Risk Factors" heading in our most recent annual report on Form 10-K and
other documents that we have filed with, or furnished to, the
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