News & Events
Becton Dickinson Declares Stock Split and Quarterly Dividend
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Franklin Lakes, NJ (July 28, 1998) -- The Board of Directors of Becton Dickinson and Company (NYSE: BDX), meeting here today, has declared a two-for-one stock split and its regular quarterly dividend. Two-For-One Stock Split The two-for-one stock split, payable August 20, 1998 to shareholders of record on August 10, 1998, will be the company's fourth split since 1986, and will increase the total shares outstanding to approximately 247 million. Clateo Castellini, Chairman, President and Chief Executive Officer, said, "Our recent performance has been very strong with excellent growth. The stock market has recognized this performance with a stock price that has more than doubled in the last two years. A stock split at this time demonstrates our confidence in continued outstanding performance." Regular Quarterly Dividend The company also announced its regular quarterly dividend, after giving effect to the stock split, of 7 1/4 cents per common share, payable on September 30, 1998, to holders of record on September 9, 1998. The company noted that it last increased its dividend effective with the first payment in 1998. The company has increased its dividend annually for more than 25 consecutive years. Becton Dickinson and Company manufactures and sells a broad range of medical supplies and devices and diagnostic systems for use by health care professionals, medical research institutions and the general public. For its most recent fiscal year the company reported revenues of $2.8 billion.
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