AZZ Announces 2 for 1 Stock Split
AZZ (NYSE: AZZ) announced Thursday that the Board of Directors, at its regularly scheduled quarterly meeting, declared a 2 for 1 stock split of the Company's Common Stock in the form of a 100% stock dividend, payable on July 30, 2012 to shareholders of record as of July 16, 2012, with a broker's cut-off date of July 23, 2012. The stock dividend entitles each shareholder of record as of July 16, 2012 to receive one additional share of common stock for each share then owned. Prior to the most recent quarterly filing of May 31, 2012, the company had outstanding approximately 12.6 million shares. Upon completion of the stock dividend, the outstanding shares will be approximately 25.3 million shares.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.