Bergen Brunswig Approves 5-for-4 Stock Split
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ORANGE — Bergen Brunswig Corp.’s board approved a 5-for-4 stock split in the form of a 25% stock dividend to be distributed June 2 to shareholders of record May 5.
In a news release Thursday, Bergen Brunswig said it will pay a 12-cent quarterly dividend on post-split shares, resulting in a 25% increase. The company last paid a regular quarterly dividend of 12 cents on March 3.
The company currently has about 40,158,779 common shares outstanding.
Bergen Brunswig distributes drug and medical-surgical supplies to drug stores, hospitals and HMOs.
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