Atlanta, GA, February 8--Beazer Homes USA Inc. said its stockholders and the board approved a previously announced three-for-one stock split and raised the dividend, which effectively triples the prior payout.
The $0.10 per share quarterly dividend will be on a post-split basis. The stock dividend and the cash dividend will be payable on March 22 to stockholders of record March 10, the company said.
Beazer announced plans for the stock split and dividend increase on Dec. 10.
Shareholder approval was needed to increase the number of authorized shares to 80 million from 30 million.
