AMETEK Inc.'s (AME) board has declared a three-for-two stock split and approved a 50% increase in the quarterly cash dividend on its common stock. The three-for-two split of its common stock would result in the issuance of one additional common share for every two shares owned as of the record date. The new shares are payable on June 29, 2012, to shareholders of record on June 15, 2012.
Any fractional shares resulting from the stock split would be paid in cash based on the closing market price of AMETEK stock on the record date. By splitting its stock, AMETEK said it expects to broaden the stock's marketability and improve its trading liquidity.
Also, after reviewing the company's strong financial position and future expectations, AMETEK's board has decided to increase the quarterly dividend by 50%, to an indicated annual rate of $0.36 per share. The board declared the second quarter dividend of $.09 per share, payable on June 29, 2012 to shareholders of record on June 15, 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.