SBC Raises its Regular Dividend by 5%

The board of directors of SBC Communications approved a 4.6% increase in its quarterly dividend from 27 cents to 28.25 cents a share, or 5 cents per share on an annual basis, from $1.08 to $1.13. The board also declared an additional one-time dividend of 5 cents per share, payable at the same time as the quarterly dividend. Edward E. Whitacre Jr., SBC chairman and CEO, noted that the company has raised its dividend every year in its history. In 2002, SBC paid its shareowners $3.6 billion in dividends. SBC had approximately 3.3 billion shares outstanding as of 28-February-2003.
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