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Neogen Corporation stock price
Neogen Corporation latest news:
BRIEF-Neogen Reports Record Revenues And Earnings
Neogen Corp(NEOG): * NEOGEN REPORTS RECORD REVENUES AND EARNINGS. * QUARTERLY EARNINGS PER SHARE $0.33. * - QTRLY TOTAL REVENUE $101.8 MILLION VERSUS $90.7 MILLION. * - BENEFITTED $3.4 MILLION, OR $0.07 PER SHARE IN QUARTER, DUE TO ADOPTION OF ACCOUNTING STANDARD UPDATE 2016-09 ON JUNE 1, 2017.
Neogen's sets a stock split after 25% price gain this year
Neogen Corp. said it will enact a four-for-three stock split, on the heels of a 25.4% surge in the stock price year to date. The split will be effected in the form a stock dividend payable Dec. 29 to shareholders of record on Dec. 18. The food and animal safety company said the split will increase the number of shares outstanding to 51.5 million shares from 38.6 million shares. The stock closed Thursday at $82.73; a four-for-three split would imply a price of $62.05. "We are very pleased to be able to enhance the availability and liquidity of our shares to allow more participation in Neogen's success," said Executive Chairman James Herbert. The stock rally this year compares with the S&P 500's 17.8% gain.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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