Dun & Bradstreet sets fourth-quarter dividend: rate reflects dividends to be paid by Cognizant and "new" Dun & Bradstreet

Business Wire, Oct 16, 1996

NEW YORK--(BUSINESS WIRE)--Oct. 16, 1996--The Dun & Bradstreet Corporation today declared a fourth-quarter dividend of 25 cents a share, payable on Dec. 10, 1996, to shareholders of record at the close of business Nov. 20, 1996.

D&B plans to split on November 1 into three public companies: Cognizant Corporation (NYSE:CZT), ACNielsen Corporation (NYSE:ART) and the "new" Dun & Bradstreet Corporation (NYSE:DNB). The dividend attributable to "new" D&B in the fourth quarter is 22 cents per share, which equates to an annualized rate of 88 cents a share. The dividend attributable to Cognizant in the fourth quarter is 3 cents a share, which equates to an annualized rate of 12 cents a share. As previously announced, ACNielsen will not pay a dividend initially.

The Dun & Bradstreet Corporation is the world's largest marketer of information, software and services for business decision-making, with worldwide revenue of $5.4 billion in 1995.

CONTACT: Reid H. Gearhart, 212/593-6727