OTHER NEWS - May 6, 1992
From Times Staff and Wire Reports
Mattel Inc. Announces Stock Split: The El Segundo-based toy maker declared a 3-for-2 stock split and declared a cash dividend of 5 cents, providing the equivalent of a 50% dividend increase after the stock split. The stock split is payable June 2 to shareholders of record on May 18. The cash dividend is payable July 1 to shareholders of record on June 12. The cash dividend is equal to 7.5 cents on a pre-split basis, an effective increase from the 5 cents the company had been paying.
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