Stock Splits
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CME Group (NYSE: CME) declared a five-for-one split of its common stock, in the form of a 400 percent stock dividend. The dividend will be paid on July 20, 2012, to shareholders of record on July 10, 2012.
Toro Co. (NYSE: TTC) reported Q1 EPS of $2.26, $0.13 better than the analyst estimate of $2.13. Revenue for the quarter came in at $691.5 million versus the consensus estimate of $676.4 million.
Toro Co. sees FY2012 EPS of $4.30, versus the consensus of $4.26.
Toro also announced today that its Board of Directors has declared a two-for-one split of the company’s common stock, which will be effected in the form of a 100 percent stock dividend. The stock dividend will be distributed June 29 to shareholders of record as of June 15.
For earnings history and earnings-related data on Toro Co. (TTC) click here.
Raven Industries' (Nasdaq: RAVN) Board approves 2-for-1 stock split. The split will be effective July 25th, for shareholders as of the close on July 10th.
Eagle Bulk Shipping Inc. (Nasdaq: EGLE) announced that the previously announced 1-for-4 reverse stock split of the Company's issued and outstanding common stock will take effect on May 22, 2012. The Company's common stock is expected to begin trading on a split-adjusted basis on the NASDAQ Global Select Market as of the open of trading on May 23, 2012.
Upon the effectiveness of the reverse stock split, each 4 shares of the Company's issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, par value $0.01 per share. The reverse stock split will affect all issued and outstanding shares of the Company's common stock, as well as common stock underlying stock options and other common stock-based equity grants outstanding immediately prior to the effectiveness of the reverse stock split. No fractional shares will be issued in connection with the reverse split of the issued and outstanding common stock. Shareholders who would otherwise hold a fractional share of the Company's common stock will receive a cash payment in lieu of such fractional share.
The reverse stock split will reduce the number of outstanding shares of the Company's common stock from 63,003,286 to approximately 15,750,821. The number of authorized shares of the Company's common stock will not be affected by the reverse split.
Blyth, Inc. (NYSE: BTH), has approved a two-for-one split of the Company's common stock in the form of a stock dividend of one share for each outstanding share.
The stock dividend will be payable on June 15, 2012 to holders of record at the close of business on June 1, 2012. The split will increase Blyth's total shares outstanding from approximately 8.6 million shares to 17.2 million shares.
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Google (GOOG) proposes 2-for-1 stock split
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FINRA Denies AutoChina's (AUTCF) Planned Three-for-Two Split
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Novo Nordisk (NVO) may be considering a stock split -Reuters
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American Oriental Bioengineering (AOB) Approves One-for-Two Reverse Split
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Monster Beverage (MNST) 2-for-1 stock split is effective today
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Blue Nile, Inc. (NILE) Misses Q4 EPS by 12c; Guidance Looks Concerning; Announces $100M Buyback
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Why Apple (AAPL) Could Reward Investors With a Stock Split and $25/Share Special Dividend
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Cabot Oil & Gas (COG) Approves Two-for-One Split
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Radient Pharma (RXPC) Approves 1-to-25 Reverse Split
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BluePhoenix Solutions (BPHX) Announces One-for-Four Reverse Stock Split, Effective Dec. 28th
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Hanmi Financial (HAFC) Announces One-for-Eight Reverse Split
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Empire Resorts (NYNY) Announces One-for-Three Reverse Split
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magicJack (CALL) Sets Payment Date for Stock Dividend Following Two-for-One Split
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magicJack VocalTec (CALL) Board Approves Two-for-One Split
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Magnetek (MAG) Sets One-for-Ten Reverse Split Date
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