logo
Share SHARE
FONT-SIZE Plus   Neg

AMETEK's Board Declares 3-for-2 Stock Split; Boosts Dividend 50% - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Maternity leave is a temporary period of absence from employment granted to expectant or new mothers during the months immediately before and after their pregnancy. Parental leave, including maternity, paternity and adoption leave, is an employee benefit. Many countries around the world, including... Texas, the second largest state in the U.S., has four of the five fastest-growing cities in the U.S., according to new population estimates released Thursday by the U.S. Census Bureau for the twelve months up to July 1, 2016. Ten of the fifteen fastest growing large U.S. cities during that 12-month span were in the South, according to the Census Bureau. To book-lover's surprise, online retailer Amazon opened another bricks and mortar store in an upmarket shopping mall in New York. This is the seventh book store of Amazon.
comments powered by Disqus
Follow RTT