Cognizant announces two-for-one stock split

The Board of Directors of Cognizant Technology Solutions Corporation (NASDAQ: CTSH) has declared a two-for-one stock split on its Class A common stock in the form of a 100% stock dividend. Stockholders of record as of February 21, 2014 will be entitled to one additional share of Class A common stock for each share held on the record date.

The stock dividend distribution is expected to occur on or about March 7, 2014, and it is anticipated that the Company's Class A common stock will begin trading on a post-split basis the business day following the distribution date. The consolidated financial statements that accompany this press release do not reflect this stock split.

All applicable references to the number of outstanding common shares and per share information have not been adjusted to reflect this stock split.

Source : Equity Bulls

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