Posted at 10:41 a.m., Tuesday, May 22, 2007
Longs Drug Stores approves 14-cent-per-share dividend
Advertiser Staff
Longs Drug Stores Corp., the larget operator of drug stores in Hawai'i, today announced a cash dividend of 14 cents a share payable July 10 to stockholders of record at the close of business on May 29.Longs also announced the retirement of Robert M. Long from the board of directors.
Long, whose term has expired, retired from the Board as Chairman Emeritus effective today. Long was elected to the Board of Directors in 1968 and was elected President of Longs Drugs in 1975. In 1991, he was elected chairman and chief executive officer.
The company had grown to 416 stores generating $3.7 billion in sales by 2000 when he relinquished the Chief Executive Officer title. Long continued to serve on the board of directors as chairman from 2000 to 2003 and afterward as chairman emeritus.
