Barnett Banks Inc., Wednesday declared a two-for-one stock split and a post-split dividend of 27 cents per share.

The Jacksonville, Fla.-based company said the split is payable on Oct. 1 to shareholders of record Sept. 6. Barnett said shareholders of record on Sept. 6 will get a regular quarterly dividend of 54 cents per share based on pre-split shares, with a future indicated quarterly dividend rate of 27 cents.

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