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Article: Control Devices, Inc. Declares 5-For-4 Stock Split and Cash Dividend.
- Article from:
- Business Wire
- Article date:
- May 1, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STANDISH, Maine--(BUSINESS WIRE)--May 1, 1998--Control Devices, Inc. (NASDAQ:SNSR) today announced a planned 5-for-4 stock split of the Company's outstanding Common Shares and a quarterly dividend of two cents ($.02) per share after giving effect to the stock split. This is Control Devices' first cash dividend and second stock split since becoming a public company in October 1996. Currently, the Company has approximately 6.6 million shares outstanding.
The stock split entitles each shareholder to receive one additional share for each four outstanding Common Shares held of record as of the close of business on May 29, 1998. In addition, Control Devices will ...