Dollar Tree Approves 2-for-1 Stock Split In Form Of 100% Common Stock Dividend

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5/29/2012 8:06 AM ET

Dollar Tree, Inc. (DLTR: Quote) said its Board of Directors has approved a 2-for-1 stock split in the form of a 100% common stock dividend. The new shares will be distributed on June 26, 2012, for shareholders of record as of the close of business on June 12, 2012.

With the stock split, the number of outstanding shares of the company's common stock will increase from approximately 116 million shares, pre-split, to approximately 232 million shares, post-split.

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