October 18, 1986 |
Tasty Baking Co. yesterday authorized a 3-for-2 stock split and an increase in its quarterly dividend from 15 cents to 22 1/2 cents on a pre-split basis. Both changes are payable on Dec. 1 for shareholders of record on Oct. 31. Nelson G. Harris, president and chief executive officer, said the increased cash dividend "is a reflection of the continuing improved earnings" for the company. The stock split, he said, is intended to create additional shares and liquidity in the marketplace.
April 6, 1989 |
Hunt Manufacturing Co., the Philadelphia maker of office products and arts- and-crafts supplies, yesterday declared a 3-for-2 stock split, payable May 8 to shareholders of record on April 19. Ronald J. Naples, chairman and chief executive officer, said at Hunt's annual meeting that, barring unforeseen circumstances, profits for the fiscal year through November should be $1.68 to $1.78 a share, up from $1.51 a share in the year ended Nov. 27,...
March 15, 2011
C&D Technologies Inc., the Blue Bell maker of industrial batteries, today said its 1-for-35 reverse stock split, announced in late January, became effective, and the company has reduced the number of common shares outstanding from 600 million to 25 million. The company said its over-the-counter shares were trading today at about $10. C&D in December restructured its finances to cut its debt to $50 million from $175 million. - Reid Kanaley
August 3, 2005 |
PPL Corp. boosted its dividend by nearly 9 percent and announced a two-for-one stock split yesterday, as it reported a 33 percent jump in quarterly operating earnings. The Allentown company reported an 8 percent increase in total revenue, to $1.48 billion, for the quarter that ended June 30. But its earnings increase was mitigated by unusual factors such as the sale of an Arizona power plant. Including those charges, its net income decreased to $128 million from $148 million. PPL attributed much of its success to "vastly improved electricity delivery revenues in Pennsylvania," bolstered by a 7 percent rise in transmission and distribution rates that went into effect Jan. 1 for its Pennsylvania customers.
March 7, 2013 |
PolyMedix Inc., a struggling Radnor biotech firm that has been considering strategic alternatives that may include a sale of the company, announced a plan for a reverse stock split to increase the per-share price of its common stock. Share are currently traded over the counter, and the company said it's goal would be to list on the Nasdaq. The company called a shareholder meeting for March 15 to vote on the proposal. PolyMedix, which is developing a treatment for skin infections, in January replaced then-CEO Nicholas Landekic with CFO Edward F. Smith as interim chief executive.
December 31, 2012
Q: If my stock splits 2-for-1, what happens to my cost basis? - R.Z., Houston A: Your basis splits 2-for-1 along with the stock. Imagine that you bought 100 shares of Meteorite Insurance (ticker: HEDSUP) for $60 each, paying a $10 commission. Your cost basis is $6,010 - or $60.10 per share. After the split, you have 200 shares and your basis is still $6,010, or $30.05 per share. Always add the purchase commission to your cost basis and subtract the sale commission from your proceeds - you'll save a few tax dollars that way. If you're paying a lot more than $10 per trade in commissions, you might want to find a less-expensive brokerage.
May 1, 1987 |
The board of directors of Unisys Corp. yesterday proposed a 3-for-1 stock split and approved an increase in the quarterly cash dividend to 69 cents from 65 cents. The stock split is subject to approval by stockholders. The dividend at the new rate is payable Aug. 7 on pre-split shares to stockholders of record on July 7. The dividend on the split shares will be 23 cents per share. "One of the major goals in creating Unisys was to enhance stockholder value," said chief executive officer W. Michael Blumenthal.
February 7, 1992 |
Tyco Toys Inc., the nation's fourth-largest toy-maker, said yesterday that it would pay its first quarterly dividend, 5 cents a share, starting next month. Tyco also said it planned a 3-for-2 stock split. The decisions came after a year in which the company generated record sales, exceeding $500 million, said Harry J. Pearce, the company's executive vice president. Richard E. Grey, Tyco's president and chairman, said in a statement that the stock split "should place the stock within a range attractive to even more investors.
March 26, 1987 |
Pep Boys - Manny, Moe & Jack, the auto-parts retailer, yesterday announced a 33 percent increase in earnings for the fiscal year ended Jan. 31, a gain it attributed to rapid expansion and increased efficiency. Mitchell G. Leibovitz, president of the Philadelphia-based chain, said: "We are getting economies of scale as the company grows. We are not adding overhead during our expansion. " The results mark the 11th consecutive year of record earnings and revenues, Leibovitz said.
October 18, 1995 |
Alco Standard Corp., the Valley Forge distributor of office paper and products, yesterday raised its dividend and announced a stock split on strong earnings gains in its ongoing businesses. Higher paper prices, new acquisitions and continued restructuring contributed to the company's gains in the fourth quarter and the year. Results were, however, dampened by a previously announced onetime charge of $16.5 million to pay off environmental claims from discontinued manufacturing operations.