Charter One declares 3-for-2 stock split.

CLEVELAND - Charter One Financial Inc. declared a three-for-two stock split and increased its regular quarterly dividend to 18 cents a share, from 16 cents a share on a presplit basis.

The stock split and the dividend are payable Nov. 19 to shareholders of record Nov. 1.

Charter One said the postsplit quarterly dividend will be 12 cents a share.

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