June 05, 2024
The board of staffing and PEO provider Barrett Business Services (NASDAQ: BBSI) declared a four-for-one stock split in the form of a dividend.
With the stock split, the company said it hopes to improve trading efficiency of its stock and make ownership more accessible to a broader range of investors.
Each stockholder of record on June 14 will receive a dividend of three additional shares of common stock for each share they hold. The shares will be distributed on June 21, and trading will resume on a stock-split-adjusted basis on June 24.
Following the stock split, the Vancouver, Washington-based firm will have approximately 26.0 million shares of common stock outstanding.