Kansas City Southern Announces Preferred Stock Dividend, Adoption of an Amendment to the 1991...

KANSAS CITY, Mo.--(BUSINESS WIRE)--The executive committee of the board of directors of Kansas City Southern ("KCS") (NYSE: KSU - News ) has declared a cash dividend of $12.8125 per share on the outstanding 5.125% Cumulative Convertible Perpetual Preferred Stock, Series D. The cash dividend will be payable August 15, 2008 to the holders of record at the close of business on August 1, 2008. In addition, KCS today announced that the executive committee of the Board of Directors has approved and adopted a three-month extension to KCS's 1991 Amended and Restated Stock Option and Performance Award Plan (the "1991 Plan"). The 1991 Plan will now terminate on October 14, 2008, unless it is terminated sooner by the Board of Directors of KCS. Further, KCS has approved and adopted, subject to stockholder approval at a special meeting of... [read full story]