FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: August 6, 1999
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
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ITEM 5. OTHER EVENTS.
On August 6, 1999, 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 6,1999.
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 18, 1999
\s\ Susan J. Riley
Senior Vice President and Chief Financial Officer
Nancy Stern - Corporate Affairs
602.754.4090
DIAL ANNOUNCES $75 MILLION STOCK REPURCHASE PROGRAM
AND DECLARES QUARTERLY DIVIDEND
SCOTTSDALE, ARIZ., AUGUST 6, 1999 - 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 is expected to be completed over the next 12 months. The
Company recently completed a $75 million stock repurchase program authorized in
August 1998.
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 has declared a quarterly
dividend of $0.08 per share on the Company's Common Stock. The dividend is
payable October 15, 1999, to stockholders of record at the close of business on
September 15, 1999.
The Dial Corporation, headquartered in Scottsdale, Arizona, is one of America's
leading manufacturers of consumer products, including Dial soaps, Purex laundry
detergents, Renuzit air fresheners, Armour Star canned meats, and the Sarah
Michaels, Freeman and Nature's Accents personal care brands. Dial products have
been in the American marketplace for more than 100 years.
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