Cabot Oil & Gas Declares Stock Split, Lifts Dividend

Cabot Oil & Gas Corp COG reported that its board declared a two-for-one stock split for shareholders of record as of January 17. The additional shares will be distributed on January 25. Cabot also announced its plans to lift its annual dividend to $0.16 per share from $0.12 per share, prior to the split. COG shares gained 0.86% to $77.46 in after-hours trading.