Thursday April 12, 2012

Google Announces Stock Dividend

Attention Google shareholders, the company has announced today that it plans on doling out stock dividends.

Google Inc announced plans to give investors a stock dividend on Thursday, as the search giant reported first quarter revenue roughly in line with Wall Street estimates. Shares of Google, which finished Thursday's regular session at $651.01, rose to $655 in after-hours trading. Google said its board of directors has approved a dividend of stock to existing shareholders that it calls a 2-for-1 stock split, preserving its corporate and control structure.

Comments