Patrick Industries (PATK) said late Tuesday it will implement a three-for-two split of its common shares.
The split will be effected in the form of a stock dividend, payable as one additional common share for every two shares held. The stock dividend is effective for shareholders of record as of the close of business on Nov. 29 and is payable on Dec. 13.
The company expects its shares to start trading on a post-split basis on Dec. 16.
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