Pegasystems Inc. (NASDAQ: PEGA) said its board of directors has approved a two-for-one split of the company´s common stock.
Each stockholder of record at the close of business on March 20, 2014 will receive one additional share for each share held on the record date, with the distribution expected to occur on April 1, 2014. The company expects that its common stock will begin trading on a post-split basis on April 2, 2014.
The company is maintaining its current quarterly cash dividend program. The company announced that the Q2 2014 dividend will be paid on a post-split, adjusted basis of USD0.015 per share on April 21, 2014 to shareholders of record on April 7, 2014.
Pegasystems Inc. develops, markets, licenses, and supports software to automate complex, changing business processes in the United States and internationally. The company was founded in 1983 and is based in Cambridge, Massachusetts. Its website is at http://www.pega.com.