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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.