Universal Health Services Inc. (UHS) announced that its Board of Directors has declared a two for one stock split in the form of a 100% stock dividend payable on December 15, 2009 to shareholders of record as of December 1, 2009.
The company stated that the Board's decision should improve liquidity and trading volume in the company's stock.
The company also announced that the Board of Directors voted to pay a cash dividend of $0.05 per share, post-split, on December 15, 2009 to shareholders of record as of December 1, 2009.
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