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AFTER TAKING A HIT on Wall Street following word it had changed the structure of its business units, Computer Associates International Inc. has opted to offer shareholders a 3-for-2 stock split.
The 243 million shares of CA stock in the market will increase to 364 million shares as a result of the split.
The split record date will be June 19, with a payment date of July 15, the company said.
The Islandia-based company also said it expects the future annual dividend rate will be 10 cents,...