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Frontier Financial(FTBK Quote) gained after the Washington-based bank declared a 3-for-2 stock split and approved a share buyback.
The stock split will be open to shareholders of record as of Sept. 12. The company's board also approved a plan to buy back up to 5% of the company's shares over the next two years. Frontier also upped its quarterly dividend by 25% to 15 cents a share. Shares gained $1.61, or 4.06%, to $41.30.
Shares of American Financial Realty(AFR Quote) slid after the Jenkintown, Pa.-based real estate investment trust announced a series of drastic moves, including the resignation of the firm's CEO and the slashing of its dividend. ...
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