HARRISBURG, Pa. -- The board of Dauphin Deposit Corp. has voted a 2-for-1 split of its common stock and a 5% increase in the dividend, yielding a new annual rate of 80 cents on each of the split shares.

The new shares will be distributed Dec. 4 to shareholders of record on Nov. 20. After the split, the banking company will have approximately 29.7 million shares outstanding.

The higher dividend, up from a split-adjusted 19 cents a quarter, will be paid Jan. 15 to shareholders of record on Dec. 24.

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