BellSouth Dividend Increases

Board of directors increases dividend to 23 cents per common share

June 23, 2003

1 Min Read

ATLANTA -- The board of directors of BellSouth Corporation today approved a dividend of 23 cents per common share, a 9.5 percent increase from 21 cents per common share. Over the last five quarters, BellSouth has increased its quarterly dividend 21 percent from 19 cents per common share to 23 cents per common share. The second- quarter dividend is payable August 1, 2003, to shareholders of record as of the close of business on July 10, 2003. BellSouth has nearly 1.9 billion shares outstanding in approximately 800,000 registered shareholder accounts. This is the 78th consecutive quarterly dividend declared by BellSouth. BellSouth Corp.

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