P.M. BRIEFING : Compaq Stock Splits 2 for 1
Compaq Computer Corp. announced at a board of directors meeting today that the directors approved a two-for-one split in the form of a 100% stock dividend.
Each holder of record of common stock at the close of business on June 29 will be entitled to receive a certificate representing an additional share of common stock for each share of common stock then owned of record. Compaq expects to mail the new shares to holders on or about July 6.