RF Industries, Ltd., (Nasdaq: RFIL) announced that their Board has declared a two-for-one split.
The Board also declared a quarterly dividend of $0.02 per common share post-split, $0.08 annualized. The dividend is a 33% increase from the current rate, following the split.
The dividend is payable on April 15, 2011, to shareholders of record on March 31, 2011. The ex-dividend date is March 29, 2011.
Yield on the dividend, currently, is 1%.
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