BOSTON — High technology company PerkinElmer, Inc. today proposed a two-for-one stock split, according to reports.
The board of directors recommended that shareholders vote at their annual meeting on April 25 to increase the number of shares outstanding to effect the split in the form of a stock dividend. The dividend would allow each shareholder of record one additional share of common stock for every one share owned. The record date for the stock split is expected to be May 15, with the split shares distributed on or about June 1, reports said.
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The company’s stock closed yesterday at $91.20.
