First USA, Inc. board declares quarterly dividends on Common, preferred issues

Business Wire,  Jan 17, 1996  

• E-mail
• Print
• Link

DALLAS--(BUSINESS WIRE)--Jan. 17, 1996--First USA, Inc. (NYSE: FUS) today announced that its board of directors declared the regular quarterly common stock dividend on First USA common stock of $0.06 per share. The dividend will be payable Feb. 13, 1996, to stockholders of record on Jan. 30, 1996.

The board of directors also declared a dividend of $0.498 per share of outstanding 6-1/4 percent mandatory convertible preferred stock to stockholders of record on Jan. 30, 1996 payable Feb. 20, 1996.

First USA, Inc. is a financial services company specializing in the credit card business and is among the largest providers of Visa and MasterCard services in the nation. First USA, Inc.'s two principal operating units are First USA Bank and First USA Paymentech, Inc. First USA Bank provides Visa and MasterCard services nationwide and had more than 12.9 million credit cards issued with $17.5 billion in managed loans outstanding at Dec. 31, 1995. First USA Paymentech, Inc. processed $24.6 billion in credit card sales and 446 million items during calendar year 1995.

CONTACT: George A. McCane, First USA, Inc., 214/849-3737

COPYRIGHT 1996 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning