WICHITA, Kan.-IFR Systems Inc. announced its board of directors approved a 3-for-2 stock split, to be effected in the form of a 50-percent stock dividend.
The split will increase the average number of IFR Systems’ common shares outstanding to about 8.2 million, the company said. Also, the company announced the board declared a 5-cent-per-share cash dividend to shareholders of record prior to the stock split. The record date for both dividends is Nov. 21. Both are payable Dec. 5.
