Superior Industries Board OKs Stock Split

Superior Industries said its board of directors approved a 5-for-4 stock split to be paid July 21 to shareholders of record July 7.

The Van Nuys maker of wheel rims has 6.3 million shares outstanding.

Superior also changed its quarterly dividend to 7 cents a share from 8 cents. Although the per-share amount is less, the amount of money paid out in dividends will be slightly greater because Superior will have more shares outstanding.