Amphenol Corporation (NYSE: APH) has announced a two-for-one stock split to be paid in the form of a stock dividend. Each shareholder of record at the close of business on May 31, 2024, will receive one additional share for every share held on the record date, with the additional shares expected to be distributed on June 11, 2024.
Amphenol Corporation is a global leader in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors and interconnect systems. The company operates in approximately 40 countries and sells its products through a global sales force, independent representatives, and a network of electronics distributors.
The stock split comes at a time when Amphenol Corporation continues to have a diversified presence in high-growth areas of the interconnect market, including automotive, broadband communications, commercial aerospace, defense, industrial, information technology and data communications, mobile devices, and mobile networks. As a result of these announcements, the company's shares have moved 1.1% on the market, and are now trading at a price of $133.36. Check out the company's full 8-K submission here.
