Owens & Minor to split stock 3 for 2, increase quarterly dividend by 15 percent

Owens & Minor to split stock, increase dividend

RICHMOND, Va. — - Owens & Minor Inc., a medical and surgical supply company, on Monday announced a stock split and said its board approved an increase in its quarterly dividend.

The company said it will distribute an additional share for every two shares held, effectively splitting its stock three shares for two. Shareholders will receive cash instead of fractional shares.

The stock will trade on a post-split basis starting April 1.

Owens & Minor also said it will increase its pre-split quarterly dividend by 15 percent to 26.5 cents from 23 cents. After the stock split, the dividend will total 17.7 cents.

The dividend and stock split will take place March 31 with a record date of March 15.

Separately, Owens & Minor reported fourth-quarter results above Wall Street estimates. Its shares advanced $1.91, or 4.5 percent, to $44.80 in aftermarket activity. The stock earlier dipped 31 cents to end regular trading at $42.89.