FPIC Insurance To Split 3-For-2
January 19, 2010 (FinancialWire) — FPIC Insurance Group, Inc.’s (NASDAQ: FPIC) board of directors has declared a three-for-two stock split of its common shares in the form of a 50 percent stock dividend payable on March 8, 2010 to shareholders of record as of the close of business on February 8, 2010.
company CEO John Byers said, “We have completed substantial share repurchases over the past several years as a result of our strong capital position. The announced stock split will meaningfully increase our outstanding shares and is consistent with our overall capital management strategy and our commitment to driving sustainable shareholder value.”
Florida-based FPIC Insurance is a provider of medical professional liability insurance for physicians, dentists and other healthcare providers.
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