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Blockbuster Declares Preferred Dividends

22 Apr, 2006 By: Erik Gruenwedel

In a move that is sure to delight maverick investor and board member Carl Icahn, Blockbuster Inc. April 21 announced that its board had declared a quarterly cash dividend of $18.75 per share on its shares of 7-1/2% Series A Cumulative Convertible Perpetual Preferred Stock, in accordance with the terms of the Series A Preferred Stock.

The dividend will be payable May 15 to the holders of record of the Series A Preferred Stock at the close of business May 1.

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