Media Contact:
Christy Phillips Brown
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Investor Contact:
Alice Lehman
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April 20, 2004
Wachovia Corporation Declares Cash Dividend on Common Stock
CHARLOTTE, N.C. - Wachovia Corporation (NYSE:WB) today announced that its board of directors approved the company's regular quarterly cash dividend on its common stock of 40 cents per share.
The common stock dividend is payable on June 15, 2004, to shareholders of record as of the close of business on May 28, 2004.
Wachovia Corporation (NYSE:WB) is one of the largest providers of financial services to retail, brokerage and corporate customers throughout the East Coast and the nation, with assets of $410.9 billion, market capitalization of $61.7 billion and stockholders' equity of $33.3 billion at March 31, 2004. Its four core businesses, the General Bank, Capital Management, Wealth Management, and the Corporate and Investment Bank, serve 12 million client relationships (including households and businesses), primarily in 11 East Coast states and Washington, D.C. Its full-service retail brokerage firm, Wachovia Securities, LLC, serves clients in 49 states. Global services are provided through 32 international offices. Online banking and brokerage products and services also are available through Wachovia.com.
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