Marshall & Ilsley Corporation Announces 12.5 Percent Increase to Quarterly Cash Dividend
April 25 2006 - 12:30PM
PR Newswire (US)
Mark F. Furlong Elected to Board of Directors MILWAUKEE, April 25
/PRNewswire-FirstCall/ -- Marshall & Ilsley Corporation
(NYSE:MI) today announced at its Annual Shareholders' Meeting that
its board of directors has increased the quarterly cash dividend on
its common stock 12.5 percent to $0.27 per share from $0.24 per
share. The cash dividend is payable on June 9, 2006, to
shareholders of record at the close of business as of May 26, 2006.
At the meeting, Mark F. Furlong, president and interim chief
financial officer of Marshall & Ilsley Corporation, was elected
to the board of directors. The following directors were re-elected
to three-year terms: Ted D. Kellner, chairman and chief executive
officer of Fiduciary Management, Inc.; Katharine C. Lyall, former
president of the University of Wisconsin System; Peter M. Platten,
III, former vice chairman of the board of the Company; James B.
Wigdale, chairman emeritus of the Company. At the meeting,
shareholders also approved the Marshall & Ilsley Corporation
2006 Equity Incentive Plan and the appointment of Deloitte &
Touche LLP to audit the financial statements of the Company for
2006. The board of directors also reconfirmed M&I's share
repurchase program. This program gives M&I the ability to
purchase annually up to 12 million shares of its issued and
outstanding common stock in order to have treasury shares available
for employee benefit plans and for other corporate purposes.
Purchases under this program may be made in open market or private
transactions, in block trades, or in accelerated share repurchase
programs or similar facilities. Marshall & Ilsley Corporation
(NYSE:MI) is a diversified financial services corporation
headquartered in Milwaukee, Wis., with $52 billion in assets.
Founded in 1847, M&I Marshall & Ilsley Bank is the largest
Wisconsin- based bank. M&I Bank has 196 offices throughout the
state, in addition to 42 locations throughout Arizona; 15 offices
on Florida's west coast; 11 offices in Kansas; six offices in
Missouri; three offices in Oklahoma; 14 offices in metropolitan
Minneapolis/St. Paul, Minn.; and locations in Duluth, Minn.; and
Las Vegas, Nev. M&I's Southwest Bank affiliate has eight
offices in the St. Louis area and one office in Belleville, Ill.
M&I's Missouri State Bank affiliate has seven offices in the
St. Louis area. Metavante Corporation, Marshall & Ilsley
Corporation's wholly owned technology subsidiary, provides
virtually all of the technology an organization needs to offer
financial services. M&I also provides trust and investment
management, equipment leasing, mortgage banking, asset-based
lending, financial planning, investments, and insurance services
from offices throughout the country and on the Internet (
http://www.mibank.com/ or http://www.micorp.com/ ). M&I's
customer-based approach, internal growth, and strategic
acquisitions have made M&I a nationally recognized leader in
the financial services industry. DATASOURCE: Marshall & Ilsley
Corporation CONTACT: Mark Furlong, president, +1-414-765-8052, or
Dave Urban, vice president, corporate treasury, +1-414-765-7853,
both of Marshall & Ilsley Corporation Web site:
http://www.mibank.com/ http://www.micorp.com/
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