Hospital operator Universal Health Services Inc. said Wednesday its board of directors declared a two-for-one stock split in the form of a dividend.
The company dividend is payable Dec. 15 to shareholders on record as of Dec. 1. Universal Health has about 49.2 million shares of common stock outstanding.
The company also said the board voted to pay a cash dividend of 5 cents per share, post split, on Dec. 15 to shareholders on record as of Dec. 1.
Shares of Universal Health Services rose 9 cents to $58.42 in after-hours trading after falling 70 cents to close at $58.33 during the regular trading session.