UPDATE 1-Toromont ups dividend, approves stock split

Newswire

TORONTO, Feb 18 (Reuters) - Toromont Industries Ltd. said on Wednesday that its board of directors approved a two-for-one stock split of its common shares. Toromont, which supplies Caterpillar equipment to heavy industry as well as specialty equipment to the energy sector, said its board also approved an 18 percent increase in the quarterly cash dividend. The stock split will take the form of a stock dividend payable April 14, 2004, to shareholders of record at the close of business on ...

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