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Dollar Tree Plans Stock Split

CHESAPEAKE, Va. — Dollar Tree here said its board of directors has approved a 2-for-1 stock split that it said would increase liquidity and entice new investors.

Jon Springer, Executive Editor

May 30, 2012

1 Min Read
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CHESAPEAKE, Va. — Dollar Tree here said its board of directors has approved a 2-for-1 stock split that it said would increase liquidity and entice new investors.

The new shares will be distributed in the form of a 100% common stock dividend on June 26, for shareholders of record as of the close of business on June 12. With the stock split, the number of outstanding shares of the company’s common stock will increase from 116 million shares to approximately 232 million shares.
 
“Dollar Tree is committed to building value for long-term shareholders,” Bob Sasser, president and chief executive officer. “The stock dividend announced today is designed to increase the liquidity of the company’s stock and provide a more attractive entry point for shareholders, affording the potential to broaden the shareholder base.”
 
Dollar Tree stock has been trading at over $100 a share and earlier this month traded at a 52-week high of $104.08. The company operates 4,451 discount stores in the U.S. and Canada.

About the Author

Jon Springer

Executive Editor

Jon Springer is executive editor of Winsight Grocery Business with responsibility for leading its digital news team. Jon has more than 20 years of experience covering consumer business and retail in New York, including more than 14 years at the Retail/Financial desk at Supermarket News. His previous experience includes covering consumer markets for KPMG’s Insiders; the U.S. beverage industry for Beverage Spectrum; and he was a Senior Editor covering commercial real estate and retail for the International Council of Shopping Centers. Jon began his career as a sports reporter and features editor for the Cecil Whig, a daily newspaper in Elkton, Md. Jon is also the author of two books on baseball. He has a Bachelor of Arts degree in English-Journalism from the University of Delaware. He lives in Brooklyn, N.Y. with his family.

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