Towers Watson (ticker: TW, exchange: NYSE Archipelago Exchange (.N))
News Release -
Watson Wyatt & Company Holdings Initiates Quarterly Cash Dividend
WASHINGTON, May 17, 2004 (BUSINESS WIRE) -- Watson Wyatt & Company
Holdings (NYSE:WW), a leading international human capital consulting
firm, today announced that its board of directors has approved the
initiation of a quarterly cash dividend in the amount of $0.075 per
share. The first quarterly dividend payment will be made on July 15,
2004, to shareholders of record as of June 30, 2004.
"Our continued success in maintaining profitability and strong
free cash flows give us confidence that we can support the growth of
our business and at the same time return cash to shareholders through
a dividend," said John Haley, president and chief executive officer of
Watson Wyatt. "We believe this dividend, combined with our recent
share repurchase, demonstrates the ongoing strength and stability of
About Watson Wyatt
Watson Wyatt is an international human capital consulting firm
that provides services in the areas of employee benefits, human
capital strategies and related technology solutions. The firm is
headquartered in Washington, D.C., and has 3,880 associates in 61
offices in the Americas and Asia-Pacific. Together with Watson Wyatt
LLP, a leading Europe-based consulting partnership, the firm operates
globally as Watson Wyatt Worldwide. Watson Wyatt Worldwide has more
than 6,000 associates in 88 offices in 30 countries.
Statements in this press release regarding projections and
expectations of future earnings, revenues, operations, business trends
and other such items are forward-looking statements. A number of risks
and uncertainties exist which could cause actual results to differ
materially from the results reflected in these forward-looking
statements. Such factors include but are not limited to our continued
ability to recruit and retain qualified associates; outcomes of
litigation; the ability of the company to obtain professional
liability insurance; a significant decrease in the demand for the
consulting services we offer as a result of changing economic
conditions or other factors; actions by competitors offering human
resources consulting services; regulatory, legislative and
technological developments that may affect the demand for or costs of
our services and other factors discussed under "Risk factors" in the
company's Annual Report on Form 10-K dated September 23, 2003, which
is on file with the Securities and Exchange Commission. These
statements are based on assumptions that may not come true. All
forward-looking disclosure is speculative by its nature. The Company
undertakes no obligation to update any of the forward-looking
information included in this report, whether as a result of new
information, future events, changed expectations or otherwise.
SOURCE: Watson Wyatt & Company Holdings
For Watson Wyatt
Carl D. Mautz, 202-715-7056
For Lippert Heilshorn & Associates, Inc.
Jody Burfening, 212-838-3777
Chenoa Taitt, 212-838-3777
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