Aflac Splits Stock for 1st Time in 17 Years
Wednesday, February 14th, 2018
Aflac Incorporated announced that its Board of Directors has declared a two-for-one stock split of the company's common stock in the form of a 100% stock dividend payable on March 16, 2018 to shareholders of record as of the close of business on March 2, 2018.
Commenting on the announcement, Aflac Incorporated Chairman and Chief Executive Officer Daniel P. Amos said: "I am pleased with the Board's action to split Aflac Incorporated's stock. As you'll recall, this follows a year of strong share price performance and is on top of our announcement of the Board's action to approve an increase in the first quarter cash dividend of 15.6%. This is the ninth split of the company's common stock since listing on the NYSE in 1974 and the first in 17 years. This split enhances the liquidity of our shares, which is in addition to our efforts to increase shareholder value."