DIVIDEND BOOST

The A. G. Edwards, Inc. board of directors has declared a three-for-two stock split, in the form of a 50 percent stock dividend, to be distributed July 1, to shareholders of record June 7.

The firm, headquartered in St. Louis, has a branch office in the Crossroad Center, at the intersection of Kingshighway and Independence.

Stockholders will receive on additional share for every two shares previously held.

The board also declared a quarterly cash dividend of 21 cents a share on the old shares equivalent to 14 cents per share of the old and new shares. This represents a 23.4 percent increase in the regular quarterly rate, and will also be paid July 1.

In making the announcement, the board stated its present intention of maintaining the new quarterly cash dividend rate of 14 cents per share in the future.

A.G. Edwards is a holding company whose primary subsidiary is the St. Louis-based brokerage firm of A.G. Edwards & Sons, Inc.