SILVER SPRING, MD— Choice Hotels International, Inc.’s board of directors has declared a two-for-one stock split in the form of a stock dividend effective October 21 to shareholders of record on Oct. 7, 2005. The board also approved an increase in the cash dividend on the common stock from $0.225 to $0.26 per share, resulting in an annual dividend per share of $1.04, a 15.6% increase from the previous annual dividend of $0.90. These cash dividend amounts are on a pre-split basis and will be adjusted after the split, according to Choice.
