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Imperial Sugar Dividend
NEW YORK - Oct 17/05 - SNS -- Imperial Sugar Company declared a special dividend of $2.50 per share of common stock.
The dividend is payable November 11 to shareholders of record as of November 1, 2005.
In declaring this dividend, Imperial's Board of Directors considered the Company's strong balance sheet that has been augmented by the cash proceeds of $51.1 million that it recently received from the sale of its Holly Sugar Corporation subsidiary as well as some expectation of improved industry dynamics during the coming fiscal year despite higher energy prices.
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