CHICAGO - St. Paul Bancorp declared a 3-for-2 stock split, payable Jan. 4 to shareholders of record Dec. 20.

The company also declared a dividend of 7.5 cents on postsplit shares, expected to become effective on the declaration of its next quarterly dividend in January.

The new rate is equivalent to 11.25 cents on the pre-split shares, an effective increase from the 10 cents the company had been paying.

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.