From staff reports
OSHKOSH, Wis. -- Oshkosh Truck Corp. today declared a two-for-one stock split of both classes of the company's common stock. The split will be in the form of a 100-percent stock dividend payable Aug. 13 to shareholders of record as of Aug. 6.
The Wisconsin-based manufacturer, which owns McNeilus Cos. of Dodge Center, also declared a 331⁄3; percent increase of its quarterly dividend. Oshkosh will pay dividends on a post-split basis of 5 cents per share for Class A common stock and 53⁄4; cents per share for common stock. Oshkosh has paid a dividend to shareholders every quarter since the company became publicly traded in October 1985.
Oshkosh Truck Corp. manufactures specialty trucks and truck bodies for the fire and emergency, defense, cement placement and refuse hauling markets. Products are marketed under the Oshkosh, Pierce, McNeilus, Geesink, Norba and Medtec brand names. The company is headquartered in Oshkosh, Wis., and had annual sales of $1.74 billion in fiscal 2002.
"Oshkosh Truck is in excellent condition -- financially and operationally," Robert G. Bohn, Oshkosh chairman, president and chief executive officer, said in a press release. "The company's financial performance has been outstanding for several years, particularly in the face of overall weak economic conditions. The Board's actions are a recognition of these accomplishments and a reflection of our confidence in the Company's future."
