WorldCom board withholds MCI stock dividend

CLINTON, Mass.-Adding to investor fears concerning the future of WorldCom Inc., the company’s board of directors said it would not pay the 60 cents per share dividend to MCI group common stockholders that was scheduled for July 15. WorldCom did reaffirm that each outstanding share of MCI group common stock would be converted into 1.3594 shares of WorldCom group common stock at the close of trading on July 12.