Alaska Air (ALK) Approves 2-for-1 Split, New $50M Buyback
Tweet Send to a FriendGet Alerts ALK Hot Sheet
Down)
Trade ALK Now!
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- UPDATE: Group 1 Automotive (GPI) Raises Qtr. Dividend to $0.16; Yields 1.0%
Create E-mail Alert Related Categories
Stock Buybacks, Stock SplitsRelated Entities
Dividend, Stock Buyback
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
