Mobile

Short Take: Covad announces 3-for-2 stock split

High-speed digital subscriber line provider Covad Communications has approved a 3-for-2 stock split, the company's board of directors announced. The split, which will be affected as a stock dividend, takes effect for shareholders of record on March 17. The shares, adjusted for the split, will begin trading April 3. Covad split its shares for the first time last April.

High-speed digital subscriber line provider Covad Communications has approved a 3-for-2 stock split, the company's board of directors announced. The split, which will be affected as a stock dividend, takes effect for shareholders of record on March 17. The shares, adjusted for the split, will begin trading April 3. Covad split its shares for the first time last April.