SALT LAKE CITY - Directors of First Security Corp. voted for the second increase this year in the company's regular quarterly cash dividend.
The latest vote raised the payout by 2 cents, or 11.76%, to 19 cents a share. It is payable Dec. 7 to shareholders of record on Nov. 20.
Spencer F. Eccles, chairman and chief executive officer, said the move was justified by earnings growth and strength in the company's Mountain States and northwestern market areas. Net income of $63.4 million in the first nine months of the year was up 44% from the comparable 1991 period.