Alaska Air Group Declares Two-for-One Stock Split; Announces $50M Share Repurchase Program
Alaska Air Group (NYSE: ALK) announced today that its board of directors has declared a two-for-one stock split to be effected in the form of a stock dividend. The additional shares will be distributed on March 16, 2012, to shareholders of record on March 2, 2012.
The stock split will increase Alaska Air Group's outstanding shares from approximately 35.5 million shares to about 71 million shares.
Alaska Air Group's board of directors also has approved a stock repurchase program authorizing the company to buy up to $50 million of its common stock over the next year.
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