OGDEN, Utah, -- Thiokol Corporation's Board of Directors today declared a two-for-one stock split in
the form of a 100 percent stock dividend payable March 13, 1998, for each stockholder of record on
February 27, 1998. A regular quarterly dividend of $.10 (ten cents) per common share, reflecting the
split, was also declared payable March 13, 1998, for each stockholder of record on February 27, 1998.
James R. Wilson, chairman of the board, president and chief executive officer, commented, "The stock
split reflects the Board's confidence in the future growth prospects for the Company and should improve
the liquidity for the trading of the Company's stock."
Thiokol Corporation (TKC-NYSE) is a major producer of solid propulsion systems, ordnance, composite
products, and is a leading designer and manufacturer of high-performance proprietary fasteners and
installation systems. Thiokol also holds a majority interest in Howmet International Inc., a manufacturer
of aircraft and industrial gas turbine engine components |
