Friday, June 29, 2018 3:01:43 PM
MIAMI & HOLLYWOOD, Fla.--(BUSINESS WIRE)--Jun. 28, 2018-- HEICO Corporation (NYSE:HEI.A) (NYSE:HEI) today reported that all shares of both its Class A Common Stock and its Common Stock will commence trading today on a “post-split” basis to reflect the Company’s previously announced 5-for-4 stock split. Accordingly, the prices of both the Class A Common Stock and the Common Stock will automatically be adjusted downward by 20% from the New York Stock Exchange closing price on June 27, 2018 for the split at the opening of New York Stock Exchange trading this morning.
The stock split was effective on June 28, 2018 to shareholders of record on June 21, 2018. Cash will be paid in lieu of fractional shares.
In addition, on July 19, 2018, the Company will pay a $.06 per share semi-annual cash dividend on each post-split share to shareholders of record as of the close of business on July 11, 2018. The cash dividend was increased by 7% from the prior cash dividend and reflects a cumulative 17% increase in the past year.
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