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Tuesday, April 17, 2001, 3:50 PM EST

Washington Mutual Banks on a 3-for-2 Stock Split

During regular trading today, Washington Mutual Inc. (NYSE: WM) announced a 3:2 stock split, which will be paid in the form of a 50 percent stock dividend. The stock split is payable on May 15 to shareholders of record of April 30, 2001.

Washington Mutual currently has approximately 583.8 million outstanding shares, 467.3 million shares in the float, and 1.6 billion shares authorized for issuance. This is WM's sixth split and comes in lieu of a record quarterly earnings announcement of $1.15 per diluted share, which beat the consensus estimate by $0.13 per share.

WM shares closed the day down $0.90 to $52.15. Volume was average at 3.6 million.

About the Company:

With a history dating back to 1889, Washington Mutual, Inc. is a diversified financial services company that focuses on meeting the needs of consumers and small- to mid-sized businesses. Washington Mutual's mission is to be one of the nation's premier financial institutions. The company's consumer banking and mortgage banking operations offer a comprehensive line of deposit and loan products. In addition, Washington Mutual's commercial banking division offers a full-range of banking products and services for small- to mid-sized businesses. Washington Mutual currently employs over 30,000 people and services 6.6 million households. (Company Press Release)

For further details, be sure to check out the complete profile located on the site. To view a chart on the stock, click on the link provided below.

View Profile for WM

View Chart for WM


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