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Fluor board approves stock split, declares dividend
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IRVING, Texas - Engineering and construction company Fluor Corp. said Wednesday its board approved a two-for-one stock split.
The company said the split will come in the form of a stock dividend of one additional share of stock for each share held by shareholders of record as of June 16.
The additional shares will be distributed July 16, Fluor added.
The company also declared a quarterly cash dividend of 25 cents, payable July 2 to shareholders of record on June 6.
The quarterly dividend will be paid on shares outstanding before the stock split, the company said.
As of April 30, Fluor said it had 88.7 million shares outstanding.
Shares fell 55 cents to $161.95 in afternoon trading.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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