Federal Screw Gives Stock Split
February 18
00:00
2003
Federal Screw Gives Stock Split
Jason Sandefur
Federal Screw Works announced a five-for-four stock split, which is payable as a stock dividend April 1. The current 40 cents-per-share dividend will be paid on the new number of shares, announced CFO W.T. ZurSchmiede Jr. Federal Screw declared a quarterly dividend of 10 cents per share.
St. Clair Shores, MI-based Federal Screw manufactures fasteners and other machined, cold-formed, or ground metal parts for the auto industry. E-mail: fsw@federalscrew.com Web: federalscrew.com �2003 FastenerNews.com
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