HEICO Corporation Share Prices Adjusted For Stock Split
June 28 2018 - 8:00AM
Business Wire
Shares Begin Post-Split Trading
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.
After giving effect to the stock split, the Company has
approximately 79.4 million shares of Class A Common Stock (HEI.A)
outstanding and 53.3 million shares of Common Stock (HEI)
outstanding. Both classes, the Class A Common Stock (HEI.A) and the
Common Stock (HEI), are virtually identical in all economic
respects. The only difference between the share classes is the
voting rights. The Class A Common Stock (HEI.A) receives 1/10 vote
per share and the Common Stock (HEI) receives one vote per share.
The stock symbols for HEICO's two classes of common stock on most
web sites are HEI.A and HEI. However, some web sites change HEICO's
Class A Common Stock stock symbol (HEI.A) to HEI/A or HEIa.
HEICO Corporation is engaged primarily in the design,
production, servicing and distribution of products and services to
certain niche segments of the aviation, defense, space, medical,
telecommunications and electronics industries through its
Hollywood, Florida-based Flight Support Group and its Miami,
Florida-based Electronic Technologies Group. HEICO’s customers
include a majority of the world’s airlines and overhaul shops, as
well as numerous defense and space contractors and military
agencies worldwide, in addition to medical, telecommunications and
electronics equipment manufacturers. For more information about
HEICO, please visit our website at http://www.heico.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180628005162/en/
HEICO CorporationVictor H. Mendelson, 305-374-1745orCarlos L.
Macau, Jr., 954-987-4000
HEICO (NYSE:HEI)
Historical Stock Chart
From Sep 2024 to Oct 2024
HEICO (NYSE:HEI)
Historical Stock Chart
From Oct 2023 to Oct 2024