- Steve Madden (NASDAQ:SHOO) has declared a three-for-two stock split, in the form of a stock dividend, record at the close of business on October 1 to receive one additional share of Steve Madden common stock for every two shares of common stock held on that date.
- The additional shares are expected to be distributed to stockholders on or about October 11 by the Company’s transfer agent.
- As a result of the stock split, the number of outstanding common shares will increase to approximately 87.6M shares from approximately 58.4M shares outstanding prior to the split.