SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 30,1998
THE BEAR STEARNS COMPANIES INC.
Exact name of registrant as specified in its charter
DELAWARE File No. 1-8989 13-3286161
- -------- --------------- ----------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation Number)
245 Park Avenue, New York, New York 10167
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (212) 272-2000
---------------
Not Applicable
(former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
Filed herewith is a copy of The Bear Stearns Companies Inc. ( the "Company")
Press Release, dated October 30, 1998, announcing its declaration of quarterly
cash dividends.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of business acquired:
Not applicable.
(b) Pro Forma financial information:
Not applicable.
(c) Exhibit:
(99) Press Release, dated October 30, 1998.
<PAGE>
Signatures
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 BEAR STEARNS COMPANIES INC.
By: /s/ Marshall J Levinson
Marshall Levinson
Controller
Dated: October 30, 1998
<PAGE>
THE BEAR STEARNS COMPANIES INC.
FORM 8-K
CURRENT REPORT
EXHIBIT INDEX
Exhibit No. Description
(99) Press Release, dated October 30, 1998
For Immediate Release
Contacts: Maura Gaenzle (212) 272-4445
Ellen Glickman (212) 272-8188
THE BEAR STEARNS COMPANIES INC.
DECLARES CASH DIVIDENDS
NEW YORK, October 30, 1998 -- The Bear Stearns Companies Inc. (NYSE:BSC) today
announced quarterly cash dividends on its outstanding shares of common stock, on
the outstanding shares of its adjustable rate cumulative preferred stock, on the
outstanding shares of its 6.15% cumulative preferred stock, on the outstanding
shares of its 5.72% cumulative preferred stock, and on the outstanding shares of
its 5.49% cumulative preferred stock.
Quarterly Cash Dividends Declared
The Board of Directors declared a regular quarterly cash dividend of 15
cents per share on the outstanding shares of common stock, payable November 27,
1998 to shareholders of record on November 13, 1998. The board also declared a
quarterly cash dividend of 68.75 cents per share on the outstanding shares of
adjustable rate cumulative preferred stock, payable January 15, 1999 to
shareholders of record on December 31, 1998. In addition, the board declared a
quarterly cash dividend of $3.075 per share on the outstanding shares of 6.15%
cumulative preferred stock, which is equivalent to 76.875 cents per related
depositary share, a quarterly cash dividend of $2.86 per share on the
outstanding shares of 5.72% cumulative preferred stock, which is equivalent to
71.50 cents per related depositary share, and a quarterly cash dividend of
$2.745 per share on the outstanding shares of 5.49% cumulative preferred stock,
which is equivalent to 68.625 cents per related depositary share, all payable
January 15, 1999 to shareholders of record on December 31, 1998.
The Bear Stearns Companies Inc. is the parent company of Bear, Stearns
& Co. Inc., a leading investment banking and securities trading and brokerage
firm serving governments, corporations, institutions and individuals worldwide.
The company's business includes corporate finance and mergers and acquisitions,
institutional equities and fixed income sales and trading, private client
services, derivatives, foreign exchange and futures sales and trading, asset
management and custody services. Through Bear, Stearns Securities Corp., it
offers professional and correspondent clearing, including securities lending.
Headquartered in New York City, the company has approximately 9,400 employees
located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles and
San Francisco; and an international presence in Beijing, Buenos Aires, Dublin,
Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. As
of September 25, 1998 total capital, including stockholders' equity and
long-term borrowings, was $18.4 billion. Book value as of September 25, 1998 was
$24.11 per share, based on 151,639,932 shares outstanding.
***
