Owens & Minor to split stock, increase dividend
From AP News | 2010-02-09 15:11:13
<div id="subtitle">Owens &amp; Minor to split stock 3 for 2, increase quarterly dividend by 15 percent</div><div><p>- Owens &amp; Minor Inc., a medical and surgical supply company, on Monday announced a stock split and said its board approved an increase in its quarterly dividend.</p><p>The company said it will distribute an additional share for every two shares held, effectively splitting its stock three shares for two. Shareholders will receive cash instead of fractional shares.</p><p>The stock will trade on a post-split basis starting April 1.</p><p>Owens &amp; Minor also said it will increase its pre-split quarterly dividend by 15 percent to 26.5 cents from 23 cents. After the stock split, the dividend will total 17.7 cents.</p><p>The dividend and stock split will take place March 31 with a record date of March 15.</p><p>Separately, Owens &amp; Minor reported fourth-quarter results above Wall Street estimates. Its shares advanced $1.91, or 4.5 percent, to $44.80 in aftermarket activity. The stock earlier dipped 31 cents to end regular trading at $42.89.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=68716723&bid=informcom" /></div><div id="copyright"><div>
Copyright 2010 <a href="http://www.ap.org">AP News</a></div></div>
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