Jacobs Engineering Plans Stock Split

Jacobs Engineering Group Inc., an engineering and construction company, plans to split its common stock 2-for-1 on or about April 1.

The company will distribute shares as a stock dividend of one additional share of Jacob’s stock for each share owned by shareholders of record on March 1.

Jacobs, which has 26.9 million shares outstanding, in January said fiscal first-quarter profit rose 29% to $25.9 million, or 94 cents a share, on higher revenue.

Shares of Jacobs fell 12 cents to $63.06 on the New York Stock Exchange.