Superior Industries Announces Stock Split

Superior Industries International Inc., a Van Nuys-based manufacturer of aluminum car wheels, said its board has declared a two-for-one stock split on Aug. 7, to shareholders of record as of July 24.

Superior also said it would begin paying its quarterly cash dividend after the split at a rate of 4 cents per share, representing a 14% increase in the company’s cash dividend. Superior, which has 9.7 million shares outstanding, earned $13.2 million on revenue of $159.3 million in the six months ended June 30, compared with earnings of $6 million on revenue of $126.7 million during the first half of 1991.