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Stock Splits

BUSINESS
March 5, 2004 | From Reuters
Coffee roaster Farmer Bros. Co. said its board declared a 10-for-1 stock split in the form of a one-time stock dividend after the Torrance-based company completed its Delaware reincorporation. The stock split will entitle each stockholder of record to receive nine additional shares for every share of Farmer Bros. stock held at the close of business April 23. The new shares will be issued May 10. After the split, the company will have about 16.1 million shares outstanding.
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BUSINESS
December 12, 2003 | From Bloomberg News
Athletic footwear maker K-Swiss Inc. said it would split its shares 2 for 1 and double its dividend after the company's stock price and profit surged this year. The Westlake Village-based company will split its Class A and Class B shares for investors of record Dec. 22. The annual dividend will rise to 8 cents a share, beginning with the fourth-quarter payment on Jan. 15 to shareholders of record Dec. 31.
BUSINESS
July 25, 2003 | Alex Pham, Times Staff Writer
Online auctioneer EBay Inc. announced a 2-for-1 stock split Thursday as it posted double-digit increases in revenue and profit for the second quarter, driven by growth in its international business and the strong performance of its PayPal online payment business. EBay, which has $2.5 billion in cash, posted $509 million in revenue for the quarter, up 91% from the same period a year ago and up 7% from the previous quarter.
BUSINESS
December 3, 2002 | From Associated Press
Lucent Technologies Inc. will ask shareholders for the option to approve a reverse stock split at any one of four ratios, a move needed because of the lingering slump in Lucent's stock price. Lucent, which announced plans for the reverse split in October, will seek shareholder approval of the proposal during its next annual meeting, set for Feb. 19 in Dallas, according to a preliminary proxy statement filed late Monday with the Securities and Exchange Commission.
BUSINESS
February 14, 2002 | Bloomberg News
Jacobs Engineering Group Inc., an engineering and construction company, plans to split its common stock 2-for-1 on or about April 1. The company will distribute shares as a stock dividend of one additional share of Jacob's stock for each share owned by shareholders of record on March 1. Jacobs, which has 26.9 million shares outstanding, in January said fiscal first-quarter profit rose 29% to $25.9 million, or 94 cents a share, on higher revenue. Shares of Jacobs fell 12 cents to $63.
BUSINESS
September 26, 2001 | Times Staff and Wire Reports
Irvine Sensors Corp. shareholders approved a 1-for-20 reverse stock split, which takes effect today, in response to Nasdaq warnings that the shares could be delisted for falling below the $1 minimum price requirement. The Costa Mesa electronics products maker's stock, which has lost more than 88% of its value this year, closed Tuesday at 14 cents, off 4 cents a share, on the Nasdaq SmallCap market.
BUSINESS
August 1, 2001 | Reuters
Semiconductor maker Microsemi Corp. Tuesday set a 2-for-1 stock split after stockholders approved an increase in the number of authorized shares of common stock from 20 million to 100 million. The Irvine company said the stock split will be in the form of a dividend payable in shares of common stock. The dividend is payable Aug. 28 to stockholders of record as of the close of business Aug. 14.
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