News Article Concerning M&I Dividend Policy Is Incorrect
01 January 2008 - 4:34AM
PR Newswire (US)
M&I Dividend Rate Remains Unchanged at $1.24 Per Year
MILWAUKEE, Dec. 31 /PRNewswire-FirstCall/ -- Marshall & Ilsley
Corporation (NYSE:MI) (M&I) announced today that an article
published in the Wall Street Journal Sunday edition on December 30,
2007, contained incorrect information about M&I's dividend
policy. The article contained a table captioned "Dividend Diet"
which showed M&I's regular cash dividend going from $1.24 per
year to zero. This is incorrect. In fact, M&I's current
dividend rate remains unchanged at $1.24 per year. In addition,
M&I has increased its dividend each year for the past 35 years
and, with a tangible capital ratio of approximately 9.4% at
year-end, M&I has one of the strongest capital positions in the
banking industry. Marshall & Ilsley Corporation (NYSE:MI) is a
diversified financial services corporation headquartered in
Milwaukee, Wis. Founded in 1847, M&I Marshall & Ilsley Bank
is the largest Wisconsin-based bank, with 193 offices throughout
the state. In addition, M&I has 49 locations throughout
Arizona; 30 offices along Florida's west coast and in central
Florida; 14 offices in Kansas City and nearby communities; 22
offices in metropolitan Minneapolis/St. Paul, and one in Duluth,
Minn.; and one office in Las Vegas, Nev. M&I's Southwest Bank
subsidiary has 17 offices in the greater St. Louis area. M&I
also provides trust and investment management, equipment leasing,
mortgage banking, asset-based lending, financial planning,
investments, and insurance services from offices throughout the
country and on the Internet (http://www.mibank.com/ or
http://www.micorp.com/). M&I's customer-based approach,
internal growth, and strategic acquisitions have made M&I a
nationally recognized leader in the financial services industry.
DATASOURCE: Marshall & Ilsley Corp CONTACT: Randy Erickson,
Senior Vice President, Chief Administrative Officer, and General
Counsel of Marshall & Ilsley Corp, +1-414-765-7809 Web site:
http://www.micorp.com/ http://www.mibank.com/
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