Coyote Network Systems OKs 5% Stock Dividend

The board of directors for Coyote Network Systems in Westlake Village has approved a 5% stock dividend to be distributed Nov. 4 to shareholders of record as of Oct. 21.

“The company issued stock dividends in four of the last five fiscal years,” said James J. Fiedler, chairman and chief executive officer. “We are pleased with the progress that we have made in terms of restructuring the ‘old’ company and positioning the ‘new’ company as a provider of telecom equipment and network services. We are encouraged by the results of the first half of fiscal ’99 and continue to be optimistic about our future.”

Coyote Network Systems, along with its subsidiaries, provides telecom equipment, network services and operations for local, long-distance and Internet services.