Tronox Announces Stock Repurchase, Declares Dividend and Stock Split

Tronox says it has authorized the repurchase of up to 2.5 million Class A shares in open market transactions. The company also declared a dividend of $1.25/share on Class A and Class B shares and announced its intent to continue to pay a dividend of $1.25/share on a quarterly basis. The declared dividend will be payable on August 13 to shareholders at the close of business on July 13.   Tronox’s Board also approved a 5-to-1 stock split in which holders of record of Class A and B shares at the close of business on July 20 are issued four additional...

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