FMC Corporation's Board Declares 2-for-1 Stock Split; Announces Quarterly Dividend
FMC Corporation (NYSE: FMC) announced today its Board of Directors declared a two-for-one split of its common stock to be effected in the form of a distribution payable on May 24, 2012, to shareholders of record of its common stock as of the close of business on May 11, 2012. Trading in the common stock will begin on a post-split adjusted basis on May 25, 2012.
The Board's action followed the approval by FMC stockholders at today's Annual Meeting of an amendment to FMC's certificate of incorporation to increase the number of authorized shares.
In addition, the Board of Directors declared a regular quarterly dividend of 9 cents per share (after giving effect to the stock split) payable on July 19, 2012, to shareholders of record at the close of business on June 29, 2012.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.