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Clearwater Paper Corporation (NYSE:CLW) announced that its Board of Directors has declared a 2-for-1 split of its common stock. The split will be effected in the form of a stock dividend payable on August 26, 2011, to shareholders of record on August 12, 2011. Shareholders will receive one additional share for each share of common stock held on the record date. As of, there are approximately 11,519,260 shares of the company's common stock outstanding. Immediately following the distribution of the stock dividend, there will be approximately 23,038,520 shares of the company's common stock outstanding.
Clearwater Paper Corporation engages in the manufacture and sale of pulp-based products in the United States and internationally.