UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: August 7, 1998
THE DIAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 51-0374887
(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
15501 NORTH DIAL BOULEVARD
SCOTTSDALE, ARIZONA 85260-1619
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code (602) 754-3425
<PAGE>
ITEM 5. OTHER EVENTS.
On August 7, 1998, the Company issued a press release relating to its $75
million stock repurchase program and a declaration of its quarterly dividend, a
copy of which is filed herewith as Exhibit 99.
ITEM 7.
(C) Exhibits
(99) Press Release of the Company dated August 7, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
THE DIAL CORPORATION
August 12, 1998
\s\ Susan J. Riley
Senior Vice President and Chief Financial Officer
Nancy Stern
602/754-4090
Walter Rogers
602/754-2386
DIAL ANNOUNCES $75 MILLION STOCK REPURCHASE PROGRAM
AND DECLARES QUARTERLY DIVIDEND
SCOTTSDALE, ARIZ., AUGUST 7, 1998 - The Dial Corporation (NYSE:DL) announced
today that its Board of Directors has authorized the Company to repurchase up to
$75 million of its Common Stock. The Common Stock may be purchased by the
Company from time to time in open market or privately negotiated transactions.
The repurchase program will begin on or about August 17, 1998, and is expected
to be completed over the next twelve months. The extent to which the Company
repurchases its shares and the timing of such purchases will depend upon market
conditions and other corporate considerations. Any repurchased shares are
expected to be used under employee benefit and stock option programs and for
other general corporate purposes.
The Board of Directors also announced today that it had declared a
quarterly dividend of $.08 per share on the Company's Common Stock. The
dividend is payable October 5, 1998, to stockholders of record at the close of
business on September 15, 1998.
The Dial Corporation, headquartered in Scottsdale, Arizona, is one of
America's leading manufacturers and marketers of consumer products including
Dial soaps, Purex laundry detergents, Renuzit air fresheners, Armour canned
meats and Freeman personal care products. Dial products have been in the
American marketplace for more than 100 years.
###
