Dulles, Va.-based America Online's board of directors has declared a two-for-one stock split. On Feb. 22, stockholders will receive one additional share for every share they own on the record date of Feb. 8. The Internet service and content provider will have approximately 933 million shares outstanding following the effective date of the split. AOL also has reported a total of $960 million in revenue for the 1999 second quarter ended Dec. 31, 1998, up 62% from the same period last year.
Copyright January 1999, Crain Communications Inc.