HEICO declares 5-for-4 stock split

|About: HEICO Corporation (HEI)|By:, SA News Editor

HEICO (HEI -0.1%) has approved a 5-for-4 stock split on both its Class A common stock and common stock.

The split will be effected in the form of a 25% stock dividend on each class of the company's shares and is payable on April 18, 2017 to shareholders of record in the same class of shares held as of April 7, 2017. Cash will be paid in lieu of fractional shares based on the last sale price of each of the respective classes of shares on the record date (as adjusted for the stock split).

It's the company's 15th stock split or stock dividend since 1995.