Short Take: BellSouth Splits Stock, Ups Dividend
BellSouth directors have approved a two-for-one stock split, the second split in the last three years. The company also said it would repurchase up to $3 billion of its outstanding stock, and increase its quarterly dividend by 2 cents to 38 cents per share. The split shares will be distributed to shareholders on Christmas Eve.
John Borland Staff Writer, CNET News.com
John Borland
covers the intersection of digital entertainment and broadband.BellSouth directors have approved a two-for-one stock split, the second split in the last three years. The company also said it would repurchase up to $3 billion of its outstanding stock, and increase its quarterly dividend by 2 cents to 38 cents per share. The split shares will be distributed to shareholders on Christmas Eve.
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