Dividend.com: Stock Split for ABC

AmerisourceBergen Announces 2-for-1 Stock Split, Boosts Dividend 20%

Pharmaceutical services company AmerisourceBergen(ABC Quote) said Tuesday it will complete a 2-for-1 stock split and raise its dividend payout by 20%.

The Chesterbrook, Penn., company also reaffirmed its full-year guidance, saying it still expects earnings from operations to range between $3.18 and $3.30, or $1.59 to $1.65 when accounting for the stock split. On average, analysts expect full-year earnings of $3.26 per share, not including the split.

After the split, the new dividend payout will be 6 cents per share quarterly. AmerisourceBergen shares gained 42 cents or 1.2% in morning trading Tuesday. ...