| WINCHESTER, VA -- (Associated Press) American Woodmark Corp., a maker of kitchen cabinets, said Tuesday that its board raised its quarterly dividend by 20 percent, declared a 2-for-1 stock split and approved an additional repurchase of up to $10 million in common stock.
The company's cash dividend increases to 6 cents from 5 cents per share -- 3 cents per share after the split -- which is payable Sept. 24 to shareholders of record on Sept. 10. The stock split will also be distributed as a stock dividend on the same date.
The stock currently trades around $68 a share.
This eUpdate posting by: Steve@BuildingOnline.com
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