Schering-Plough Declares Quarterly Dividends on Common Shares and Mandatory Convertible Preferred Stock

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The Board of Directors of Schering-Plough Corporation (NYSE:SGP) today declared a quarterly dividend of 6.5 cents per common share. Payment will be made on Aug. 28, 2007, to shareholders of record at the close of business on Aug. 3, 2007. As of March 31, 2007, there were 1,489,389,131 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. 14, 2007, to holders of record at the close of business on Sept. 4, 2007. As of March 31, 2007, there were 28,750,000 shares of Mandatory Convertible Preferred Stock outstanding.
For more information: http://www.schering-plough.com/

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