KENILWORTH, N.J., June 27 /PRNewswire-FirstCall/ -- The Board of Directors of Schering-Plough Corporation today declared a quarterly dividend of 5.5 cents per common share. Payment will be made on Aug. 29, 2006, to shareholders of record at the close of business on Aug. 4, 2006. As of March 31, 2006, there were 1,481,050,377 common shares outstanding.
The Board of Directors today also declared a quarterly dividend of 75 cents per share on the 6% Mandatory Convertible Preferred Stock. Payment will be made on Sept. 15, 2006, to holders of record at the close of business on Sept. 1, 2006. As of Dec. 31, 2005, there were 28,750,000 shares of Mandatory Convertible Preferred Stock outstanding.
Schering-Plough is a global science-based health care company with leading prescription, consumer and animal health products. Through internal research and collaborations with partners, Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs. Schering-Plough’s vision is to earn the trust of the physicians, patients and customers served by its more than 32,000 people around the world. The company is based in Kenilworth, N.J., and its Web site is www.schering-plough.com.
Schering-Plough Corporation
CONTACT: Media Contact - Steve Galpin, Jr., +1-908-298-7415; InvestorContact - Alex Kelly, +1-908-298-7436
Web site: http://www.schering-plough.com/
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