(Kansas City Southern issued the following news release on January 20.)
KANSAS CITY — The Kansas City Southern (KCS) board of directors today announced the declaration of cash dividends in three classes of preferred stock, the annual meeting date and the promotion of four officers.
The board declared the following dividends:
A cash dividend of $.25 per share was declared on the outstanding 4% Non-Cumulative Preferred stock, payable on April 4, 2006, to shareholders of record at the close of business on March 13, 2006.
A cash dividend of $5.3125 per share was declared on the outstanding 4.25% Redeemable Cumulative Convertible Perpetual Preferred stock, payable February 15, 2006, to shareholders of record at the close of business on February 1, 2006.
A cash dividend of $9.3959 per share was declared on the outstanding 5.125% Cumulative Convertible Perpetual Preferred stock, payable February 15, 2006, to stockholders of record at the close of business on February 1, 2006.
The annual meeting for stockholders of record as of March 6, 2006, has been set for 10 a.m. CST on Thursday, May 4, 2006, in Kansas City, Mo.
The board of directors is also pleased to announce the promotion of four officers. Larry M. Lawrence was promoted from special assistant to the chairman to senior vice president and assistant to the chairman-strategies and staff studies. Warren K. Erdman was promoted from vice president corporate affairs to senior vice president corporate affairs. Jay M. Nadlman was promoted from associate general counsel and corporate secretary to vice president and corporate secretary. Brian P. Banks was elected assistant secretary and continues his responsibilities as associate general counsel.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, serving northeastern and central Mexico and the port cities of Lazaro Cardenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Canada and Mexico.