Barrett Business Services Board Approves Future Four-For-One Split Of Common Stock In The Form Of Stock Dividend
Portfolio Pulse from Benzinga Newsdesk
Barrett Business Services (BBSI) Board has approved a future four-for-one split of its common stock, pending stockholder approval to increase authorized shares from 20.5 million to 82 million. The timing of the stock split and declaration of the stock dividend will be announced following stockholder approval.
April 10, 2024 | 8:07 pm
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Barrett Business Services plans a four-for-one stock split, subject to stockholder approval for increasing authorized shares.
Stock splits often lead to increased investor interest and can make shares more accessible due to the lower price per share post-split. Assuming stockholder approval is granted, this move could positively impact BBSI's stock price in the short term by making it more attractive to a broader range of investors.
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