Dépêches
Triumph Group Announces Two-for-One Stock Split and Doubles Dividend
Dépèche transmise le 9 juin 2011 par Business Wire
WAYNE, Pa.--(BUSINESS WIRE)--Triumph Group, Inc. (NYSE:TGI) today announced that its Board of Directors has declared a two-for-one stock split with respect to its common stock in the form of a 100% stock dividend. The two-for-one stock split will be payable on July 14, 2011 to stockholders of record as of June 22, 2011. Stock certificates representing the additional shares will be distributed by the company’s transfer agent, Computershare Investor Services, and the price per share will be adjusted accordingly on the New York Stock Exchange for trading beginning on July 15, 2011. The company currently has 24,517,850 shares of common stock outstanding. After the stock split, there will be 49,035,700 shares of common stock outstanding.
The company also announced that it will continue to pay a quarterly dividend after the stock split at the rate of $.04 per share (on a post-split basis), effectively doubling the company’s annual dividend expense.
Richard C. Ill, Triumph’s Chairman and Chief Executive Officer, stated “We are dedicated to the growth of our business and to providing value to our stockholders. Our Board of Directors’ decision to declare a two-for-one stock split with respect to the company’s common stock, as well as its decision to continue paying our stockholders a quarterly dividend at a rate of $.04 per share, will improve our marketability and liquidity and increase the value to our stockholders.”
Triumph Group, Inc., headquartered in Wayne, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The company serves a broad, worldwide spectrum of the aviation industry, including original equipment manufacturers of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers.
More information about Triumph Group can be found on the company’s website at http://www.triumphgroup.com.
Statements in this release which are not historical facts, including but not limited to statements regarding the record date and distribution date for the stock split, the amount of the distribution, the number of shares outstanding following the stock split, the continued payment of a quarterly dividend following the stock split and the rate of such quarterly dividend, are all forward-looking statements under the provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and uncertainties which could affect the Company’s actual results and could cause its actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. Further information regarding the important factors that could cause actual results to differ from projected results can be found in the Company’s reports filed with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2011.
- 12:42 Daher livre un Kodiak 100 à son premier client français
- 19/01 Elixir Aircraft réalise une levée de fonds auprès de ses investisseurs
- 18/01 Emirates lance un programme de vaccination contre la COVID-19
- 15/01 Crash de Sriwijaya Air : une boite noire récupérée et exploitable
- 15/01 Delta Air Lines enregistre un perte record pour l'année 2020
- 15/01 Aegean Airlines : plus de flexibilité pour ses passagers
- 14/01 Air Canada procède à de nouvelles réductions de capacité
- 14/01 Aéroport de Nice : trafic en net repli en 2020
- 14/01 Norwegian Air arrête le long-courrier
- 14/01 Premier vol pour l'Airbus H160 d'All Nippon Helicopter
- 14/01 DHL Express commande huit Boeing 777 supplémentaires
- 14/01 French bee ouvre une boutique éphémère à Saint-Pierre de la Réunion
- 13/01 Aéroport Marseille Provence lance la dématérialisation des réservations parkings et services dans le wallet mobile
- 13/01 Lufthansa Group aide les Australiens à rentrer chez eux
- 12/01 Atlas Air achète quatre Boeing 747-8F
- 12/01 Volotea dit adieu à ses Boeing 717
- 12/01 Korean Air lance son nouveau site internet
- 11/01 Qatar Airways retourne en Arabie Saoudite
- 10/01-MAJ 10/01/2021 11h20 - Crash d'un Boeing 737 en Indonésie (photos)
- 10/01 L'Armée de l'Air et de l'Espace a reçu son premier Mirage 2000D modernisé