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| Corrections Corp. announces stock split |
| By Nashville Business Journal |
| Published: 06/11/2007 |
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NASHVILLE, TN - Corrections Corp. of America's board has declared a 2-for-1 stock split as a 100 percent dividend on its common stock. The stock dividend is payable July 6 to stockholders of record on June 29. The split will increase the number of shares of common stock outstanding to about 123.6 million. Corrections Corp. (NYSE: CXW) is based in Nashville and is the nation's largest owner of private correctional and detention facilities. The company runs 64 facilities, including 40 that are company owned. Corrections' stock Friday afternoon was at $63.96, up 44 cents. |
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