Jacobs Engineering Plans Stock Split
- Share via
Jacobs Engineering Group Inc., an engineering and construction company, plans to split its common stock 2-for-1 on or about April 1.
The company will distribute shares as a stock dividend of one additional share of Jacob’s stock for each share owned by shareholders of record on March 1.
Jacobs, which has 26.9 million shares outstanding, in January said fiscal first-quarter profit rose 29% to $25.9 million, or 94 cents a share, on higher revenue.
Shares of Jacobs fell 12 cents to $63.06 on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
