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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.

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.