33 Percent increase in Scientific-Atlanta's quarterly dividend.
Scientific-Atlanta Announces Two-for-One Stock Split And 33 Percent Dividend Increase
Tuesday February 22, 8:47 am Eastern Time
Company Press Release
SOURCE: Scientific-Atlanta, Inc.
ATLANTA, Feb. 22 /PRNewswire/ -- Scientific-Atlanta, Inc. (NYSE: SFA - news), announced today that its board of directors has approved a two-for-one
stock split of its common stock and declared a 33 percent increase to its regular quarterly cash dividend.
The stock split, to be effected in the form of a 100% stock dividend, will be payable to shareholders of record as of the close of business on March 10, 2000.
Distribution of certificates representing additional shares as a result of the stock split will be made on March 27, 2000.
The 33 percent increase in Scientific-Atlanta's quarterly dividend increases the dividend rate to $0.01 per share on the post-split shares. The cash dividend is
payable April 11, 2000 to shareholders of record as of March 28, 2000.
About Scientific-Atlanta Scientific-Atlanta, Inc. (http://www.scientificatlanta.com ) is a leading supplier of broadband communications systems, satellite-based video,
voice and data communications networks and worldwide customer service and support.
Additional information on Scientific-Atlanta and its products is available at (http://www.scientificatlanta.com ). Select Investors to access a variety of financial and
investor services.
SOURCE: Scientific-Atlanta, Inc. |
