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: September 26, 1995
BELLSOUTH CORPORATION
(Exact name of registrant as specified in its charter)
Georgia 1-8607 58-1533433
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) No.)
1155 Peachtree Street, N. E., Atlanta, Georgia 30309-3610
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code(404) 249-2000
Item 5. Other Events
The Board of Directors (The Board) of BellSouth Corporation
(BellSouth) increased the quarterly dividend by $0.03 from $0.69
to $0.72 per pre-split common share. The Board also approved a
two-for-one stock split of shares of BellSouth Common Stock. The
record date of both the dividend and the stock split is October
11, 1995. The additional shares resulting from the stock split
will be issued to shareholders on November 8, 1995.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit
No.
99 Press Release - BellSouth Increases Quarterly Dividend
By $0.03 To $0.72; Board Announces Two-For-One Stock
Split
Exhibit 99
BellSouth Increases Quarterly Dividend By $0.03 To $0.72; Board
Announces Two-For-One Stock Split
Atlanta - The board of directors of BellSouth Corporation
(NYSE:BLS) has increased the quarterly dividend by $0.03 from
$0.69 to $0.72 per pre-split common share, and simultaneously
approved a two-for-one split of shares of BellSouth stock to
shareholders of record on Oct. 11.
"The dividend increase reflects the confidence we have in the
future of BellSouth," said John L. Clendenin, BellSouth Chairman
and Chief Executive Officer. "After turning in a strong
financial performance in 1994, BellSouth is having another
excellent year in 1995, and we expect strong earnings in 1996.
"Our efforts continue to be focused on growing the company and
providing the level of return our investors expect," said
Clendenin.
The BellSouth board also authorized a two-for-one split of common
shares. The additional shares resulting from the split will be
issued to shareholders on Nov. 8.
"Our strategies for growing the business are paying off, and over
the last several months our stock has increased significantly in
value," said Clendenin. "As a result it now trades at one of the
higher per-share prices among large corporations. Our board
believes that by splitting the stock it will continue to be
attractive and affordable to more investors."
The dividend is the 47th consecutive quarterly dividend declared
by BellSouth since its formation in 1984. The company had more
than 496 million pre-split shares outstanding in 1.1 million
shareholder accounts.
The record date of both the increased cash dividend and the stock
split is Oct. 11, 1995.
BellSouth is a $16.8 billion communications services company. It
provides telecommunications, wireless communications, directory
advertising and publishing, and information services to more than
25 million customers in 17 countries worldwide.
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.
BELLSOUTH CORPORATION
By: /s/RONALD M. DYKES
Ronald M. Dykes
Vice President, Chief Financial Officer
and Comptroller
September 26, 1995
