Friday, Jan. 19, 1962
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After months of rumor, the Ford MotorCo. finally did it. In May, Ford's board announced, the company willask its stockholders to approve a two-for-one stock split that willincrease the number of outstanding Ford shares to 110 million. At thesame time, Ford directors made the ownership of Ford stock a bit moreattractive by increasing the quarterly dividend from 75¢ to 90¢.
Ford's decision to split its stock was taken with a sharp eye on autosales charts. Ford shares, issued at $64.50 five years ago when Fordwent public, have climbed to a high of $117.50a...
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