Kaufman & Broad declared a 3-for-2 stock...

Kaufman & Broad declared a 3-for-2 stock split that will provide one additional share of common stock for every two outstanding shares of common stock and one additional share of non-transferable Class B stock for every two outstanding shares of non-transferable Class B stock. The Los Angeles-based firm said the stock distributions will be payable on Aug. 28 to shareholders of record on Aug. 12. In addition, the board announced its intention to increase the quarterly cash dividend on the common and Class B stock by 44% at the next declaration date in October.