APi Group (APG) said Wednesday its board approved a 3-for-2 stock split of its outstanding common shares.
The split will be effected by a dividend of one-half of one common share for each share held as of the close on June 16, payable on June 30.
The company also introduced new long-term financial targets, including more than $10 billion in net revenue by 2028, supported by mid-single-digit organic growth.
Shares of APi rose over 3% in recent trading.
Price: 47.34, Change: +1.42, Percent Change: +3.10
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