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Stock Market & Financial Investment News

News Breaks
August 1, 2012
17:05 EDTSWMSchweitzer-Mauduit announces two-for-one stock split
The company announced a two-for-one stock split and a quarterly common stock dividend of 15cper share. The stock split will be effected as a 100% stock distribution to shareholders of record August 13, 2012, to be distributed on August 21, 2012. A quarterly common stock dividend of 15c per share will be payable on September 28, 2012 to stockholders of record on August 30, 2012. The newly distributed shares from the stock split will receive the quarterly dividend payable on September 28, effectively doubling SWM's quarterly dividend payout on pre-split share holding positions.
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