Nabors Shareholders Approve Stock Split



Nabors Industries shareholders on Thursday voted to increase the company's authorized share capital by creating additional common shares.

The additional shares will accommodate the previously announced two-for-one stock split, which will take the form of a stock dividend. Nabors will distribute the dividend on April 17 to shareholders of record on March 31. Whole shares will be issued, and any partial shares will be paid in cash.

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