The dividend is higher by 10.2 percent from $.49 per share paid both in the previous quarter and in the third quarter of 1998. For the year to date, the dividend will total $1.52 per share, up 10.9 percent from $1.37 per share paid in 1998.
Wachovia Corporation's common shares are traded on the New York Stock Exchange under the ticker symbol WB.
Wachovia Corporation is an interstate bank holding company with dual headquarters in Atlanta and Winston-Salem, N.C. At June 30, 1999, Wachovia Corporation had assets of $67 billion. Wachovia Bank, the principal banking subsidiary, has more than 700 offices and 1,300 ATMs in Florida, Georgia, North Carolina, South Carolina and Virginia.
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