Corrections Corp. Of America (CXW: Quote) announced Monday morning that its Board of Directors approved its intention to initiate a quarterly cash dividend of $0.20 per share beginning in June of 2012.
Corrections Corp. Of America rose sharply during the first half hour of trade Monday and finished up by 1.07 at $24.77. The stock rose above a one-month range and closed at over an 8-month high.
by RTT Staff Writer
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