Quiksilver Plans Stock Split Next Month
COSTA MESA — Quiksilver Inc., the Costa Mesa surf-wear designer and snowboard maker, said Friday that its directors declared a 2-for-1 stock split, payable April 24 to shareholders of record April 16.
The company, whose shares trade on the Nasdaq, also said it has been cleared to switch to the New York Stock Exchange.
The move will bring Quiksilver greater national and international recognition, expand its shareholder base and likely reduce trading volatility, said Chairman Bob McKnight at the company’s annual meeting at the Newport Beach Marriott.
Quiksilver probably will make the move to the Big Board in mid-May, McKnight said. The company will trade under the ticker symbol QS.
The stock split will boost the company’s shares outstanding to just more than 14 million. Quiksilver shares rose 88 cents to $35.63 in Friday trading.
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