Overland Park, Kan.-based agency franchise operation Brooke Corp. declared a common stock dividend at its April 22, 2004, board meeting. Shareholders of record as of May 26, 2004, will receive one additional share of Brooke common stock for every one share of common stock owned. The additional shares will be distributed on June 10, 2004, and begin trading on June 11, 2004, on a split adjusted basis.
CEO Robert Orr said the split showed the company’s confidence in its growth prospects. Orr reminded investors to account for the increase in common shares outstanding, resulting from the announced stock dividend, when analyzing the earnings per share disclosed in Brooke’s public filings and other announcements.
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