Alaska Air (ALK) Approves 2-for-1 Split, New $50M Buyback
Tweet
Share
E-mailGet Alerts ALK Hot Sheet
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Maiden Final Dividend Declared for FY26 and On-Market Share Buy-Back Approved
- United States Antimony approves $100M share buyback program
- Reitar Logtech launches $3M share repurchase program
Create E-mail Alert Related Categories
Stock Buybacks, Stock SplitsRelated Entities
Dividend, Stock BuybackSign 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!
