Henry Schein, a provider of health care products, said Wednesday its board has approved a 2-for-1 split of the company’s common stock. Each stockholder of record at the close of business Sept. 1 will receive a dividend of one additional share for every share held, and trading will begin on a split-adjusted basis on Sept. 15.
Following the stock split, Henry Schein will have approximately 158 million shares outstanding. It is the company’s second stock split since its initial public offering in November 1995, with the first split, also 2-for-1, completed in February 2005. “We believe this stock split is a testament to our success, and will increase liquidity and make equity ownership in Henry Schein more accessible,” said Steven Paladino, CFO of Henry Schein.