Amplicon Splits Its Stock, Boosts Dividend

Dow Jones

Amplicon Inc., which sells and leases high-technology equipment, declared a 2-for-1 common stock split and is boosting its dividend, the company said Friday.

The quarterly payout will be raised to 8 cents a share from 5 cents on a pre-split basis. The dividend is payable Oct. 10 to shareholders of record Sept. 25.

The stock rose by $2.75 a share to $30.25, a 52-week high, on the Nasdaq market.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World