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RF Industries declares 2-for-1 stock split
Feb 11, 2011 1:10 PM MT
By The Associated Press

SAN DIEGO (AP) — RF Industries Ltd., which makes cables and other components used in networking equipment, announced a 2-for-1 common stock split, which will give investors an additional share for each one they already own.

When that split goes into effect on February 24, it will boost the number of outstanding shares to an expected 5,953,018.

RF Industries also said it will raise its quarterly cash dividend to 2 cents per share —after the split.

It will be payable on April 15 to shareholders of record as of March 31.

Shares of the San Diego company jumped 81 cents, or 10.3 percent, to $8.65 during Friday afternoon trading.
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