Cash Dividend

The Rouse Company of Columbia announced last month that its board of directors approved payment of the company's regular quarterly cash dividend.The rate is $.15 per common share, payable on Dec. 21, 1990, to shareholders of record on Dec. 14, 1990.As in 1989, the company anticipates that the entire amount of the dividend to be paid in 1990 will be a return of capital distribution and, as such, not taxable to most shareholders.

Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January. The cash dividend of 11 cents per share will be paid out on Dec. 28, instead of Jan. 7. The Baltimore-based investment company becomes the latest to rush to make dividend payments before the end of the year, while the tax rate on this income is still 15 percent. Unless a deal is reached between Congress and the White House, dividend income next year will once more be taxed as regular income, which could be as high as 39.6 percent.

First Mariner Bancorp, which is on a blistering growth pace, plans to keep the throttle wide open, the company's top executive said yesterday."We are committed to growing the bank," Edwin F. Hale Sr., chairman and chief executive officer of Baltimore-based First Mariner, told shareholders at the company's annual meeting yesterday at the Sparrows Point Country Club."

County chamber plans business meetings The Carroll County Chamber of Commerce has announced its monthly meetings. A general membership luncheon will be held at noon Feb. 13 at Best Western Catering & Conference Center on WMC Drive in Westminster. Michael D. Maring, bureau chief of the Carroll County Department of Permits and Inspections and code official, will discuss how his office evaluates businesses to determine compliance with federal accessibility guidelines. The cost is $18 and deadline for reservations is Thursday.

Carroll D. Myers, president and chief executive officer for Taneytown Bank and Trust Co., announced that the board of directors has approved a cash dividend for the first quarter of 1991.A dividend of 14 cents per share will be paid April 2 to stockholders of record on March 15. The dividend reflects an increase of 5.3 percent over the same period for 1990.

Annapolis Bancshares declares dividendAnnapolis Bancshares Inc., parent company of Bank of Annapolis, has declared a first-quarter cash dividend on common stock of 5 cents a share payable to shareholders of record as of March 31, 1995.Information: 266-3000.Severn Bancorp raises quarterly dividendSevern Bancorp Inc., holding company for Severn Savings Bank, FSB, has increased its quarterly cash dividend on common stock from 4 1/2 cents to 5 cents a share, payable to shareholders of record as of March 31.Information: 841-6925.

F&M Bancorp announces quarterly cash dividendThe board of directors of F & M Bancorp has declared a quarterly cash dividend of 27 cents per share, payable Feb. 1 to shareholders of record Jan. 7.The dividend is an 8 percent increase over the quarterly payment that had been in effect since January 1998. The company paid a 5 percent stock dividend in July.F & M Bancorp's new annualized dividend yield is 3.42 percent, based on the closing price of $31.625 as of Dec. 14.Total assets for F & M Bancorp and Monocacy Bancshares totaled $1.41 billion as of Sept.

Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January. The cash dividend of 11 cents per share will be paid out on Dec. 28, instead of Jan. 7. The Baltimore-based investment company becomes the latest to rush to make dividend payments before the end of the year, while the tax rate on this income is still 15 percent. Unless a deal is reached between Congress and the White House, dividend income next year will once more be taxed as regular income, which could be as high as 39.6 percent.

Women's Business Institute offers several classesThe Women's Business Institute is offering educational programs and classes this winter.* Intro to the Internet will be held from 1 p.m. to 4 p.m. or 5:30 p.m. to 8:30 p.m. Jan. 11 in the institute's computer lab at the Taneytown office. Cost is $35 and must be paid in advance.* Conflict Resolution workshop will be held from 7 p.m. to 9 p.m. Jan. 13 at the instutute with Diane Wirth ot "The Solution Works." Participants can increase communication skills and resolve conflicts.

Orange Co. sues Merrill LynchOrange County is seeking more than $2 billion from Merrill Lynch & Co., its main broker, charging that it encouraged the county to gamble with taxpayers' money.The Orange County Board of Supervisors voted unanimously yesterday to sue the nation's biggest securities firm for its role in the nation's biggest municipal bankruptcy. The county filed suit in U.S. Bankruptcy Court in Santa Ana, Calif.The brokerage firm said the investment risks were fully disclosed to the county by former Treasurer Robert L. Citron.

In its continuing effort to reduce debt, the board of directors at cash-strapped Allegheny Energy Inc. voted yesterday to suspend the company's cash dividend on its common stock to save about $54 million in the current fourth quarter. It is unclear whether the board will keep the dividend on hold in the first quarter next year, but it did say two months ago that Allegheny intended to reduce or suspend its current $1.72 annual dividend through at least the fourth quarter 2003. Directors are expected to discuss the status of the dividend payment at each quarterly board meeting.

Legg Mason Inc. is on a roll, but don't tell that to Raymond A. "Chip" Mason, its chairman and chief executive. After the company's annual meeting yesterday, Mason said the Baltimore-based brokerage and asset management concern can't become complacent. "You have got to keep going and as you go along you keep building," he said. "You keep marching, you keep marching." Indeed, Legg Mason has been on the march. Its growth and overall performance have been spectacular, and Mason beamed yesterday as he listed the accomplishments for about 100 shareholders and company executives who attended the meeting, which was held at the Center Club downtown.

Women's Business Institute offers several classesThe Women's Business Institute is offering educational programs and classes this winter.* Intro to the Internet will be held from 1 p.m. to 4 p.m. or 5:30 p.m. to 8:30 p.m. Jan. 11 in the institute's computer lab at the Taneytown office. Cost is $35 and must be paid in advance.* Conflict Resolution workshop will be held from 7 p.m. to 9 p.m. Jan. 13 at the instutute with Diane Wirth ot "The Solution Works." Participants can increase communication skills and resolve conflicts.

First Mariner Bancorp, which is on a blistering growth pace, plans to keep the throttle wide open, the company's top executive said yesterday."We are committed to growing the bank," Edwin F. Hale Sr., chairman and chief executive officer of Baltimore-based First Mariner, told shareholders at the company's annual meeting yesterday at the Sparrows Point Country Club."

F&M Bancorp announces quarterly cash dividendThe board of directors of F & M Bancorp has declared a quarterly cash dividend of 27 cents per share, payable Feb. 1 to shareholders of record Jan. 7.The dividend is an 8 percent increase over the quarterly payment that had been in effect since January 1998. The company paid a 5 percent stock dividend in July.F & M Bancorp's new annualized dividend yield is 3.42 percent, based on the closing price of $31.625 as of Dec. 14.Total assets for F & M Bancorp and Monocacy Bancshares totaled $1.41 billion as of Sept.

Uplifted by record earnings in the initial three months of 1996, troubled developer Interstate General Co. Ltd. Partnership yesterday declared its first quarterly cash dividend in two years.The Charles County development firm, which faces sentencing next month after being convicted of various felony wetlands law violations, will pay shareholders as of June 3 a 6 cents per share dividend on June 13.IGC had not paid a quarterly cash dividend since a 5 cents per unit payout in June 1994.In all, IGC will pay shareholders -- formally called unitholders because of the company's limited partnership status -- a total of $615,400, based on its average number of units outstanding in the first quarter.

Uplifted by record earnings in the initial three months of 1996, troubled developer Interstate General Co. Ltd. Partnership yesterday declared its first quarterly cash dividend in two years.The Charles County development firm, which faces sentencing next month after being convicted of various felony wetlands law violations, will pay shareholders as of June 3 a 6 cents per share dividend on June 13.IGC had not paid a quarterly cash dividend since a 5 cents per unit payout in June 1994.In all, IGC will pay shareholders -- formally called unitholders because of the company's limited partnership status -- a total of $615,400, based on its average number of units outstanding in the first quarter.

Waverly to buy foreign publisherWaverly Inc. in Baltimore has agreed in principle to acquire the companies that make up Editorial Medica Panamericana, a Buenos Aires, Argentina-based publisher of Spanish-language medical books.Financial terms were not disclosed, but the company said the purchase price would be paid with a combination of cash and common stock. The company had sales of $12 million last year.BioWhittaker in Army contractBioWhittaker Inc. in Walkersville received a three-year contract to produce a botulism antitoxin for the U.S. Army.

Realty trust declares dividendMid-Atlantic Realty Trust has declared a 22-cents-per-share dividend on its common stock, payable Sept. 15 to shareholders of record on Aug. 31. The Linthicum-based real estate investment trust attributed the second-quarter dividend to the strong performance of its properties, which include the 550,000-square-foot Harford Mall.Hogan & Hartson recruits fourThe law firm of Hogan & Hartson said yesterday that it has recruited two new partners and two other lawyers to its Baltimore office in a bid to bolster the firm's practice in the financing of public works projects.

Annapolis Bancshares declares dividendAnnapolis Bancshares Inc., parent company of Bank of Annapolis, has declared a first-quarter cash dividend on common stock of 5 cents a share payable to shareholders of record as of March 31, 1995.Information: 266-3000.Severn Bancorp raises quarterly dividendSevern Bancorp Inc., holding company for Severn Savings Bank, FSB, has increased its quarterly cash dividend on common stock from 4 1/2 cents to 5 cents a share, payable to shareholders of record as of March 31.Information: 841-6925.