Jewett-Cameron Trading Co. Ltd. (JCTCF) said Monday that its Board has approved a two-for-one split of its common stock.
CEO Don Boone said the stock split should provide additional liquidity to its stock.
The record date for the two-for-one stock split is the close of business on April 25, with the distribution of new shares scheduled for on or about May 1.
As a result of the split, shareholders will receive one additional common share for each common share they hold as of the record date. The total number of common shares outstanding will increase from 1,567,564 to 3,135,128.
Jewett-Cameron engages in the manufacture of specialty metal products and wholesale distribution of wood products.
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