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April 23, 1999 Wachovia Declares Second Quarter 1999 Dividend Wachovia Corporation's board of directors today declared a second quarter dividend of $.49 per common share payable June 1, 1999, to shareholders of record on May 6. The dividend is unchanged from the previous quarter but is higher by 11.4 percent from $.44 per share paid in the same period of 1998. For the year to date, the dividend will total $.98 per share, up 11.4 percent from $.88 per share paid in 1998. Wachovia Corporation's common shares are traded on the New York Stock Exchange under the ticker symbol WB. Shareholders Speech Available (Note to editors: Wachovia’s annual shareholders meeting was held today in Winston-Salem. A copy of the speech by L.M. Baker Jr., chairman and chief executive officer, is available on Wachovia’s web site in the Investor Relations section.) |
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