CorVel (CRVL) Corporation announced the effectiveness of a three-for-one forward stock split, along with a proportionate increase in the number of authorized shares of its common stock to accommodate the stock split. As a result of the stock split, every one share of common stock outstanding or held in treasury on December 23, the record date for the stock split, was split into three shares of common stock. The additional shares of common stock are expected to be distributed on December 24. Trading is expected to begin on a post-stock split adjusted basis at market open on December 26.
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Read More on CRVL:
- Upcoming Stock Splits This Week (December 23 to December 27) – Stay Invested
- CorVel announces three-for-one forward stock split
- CorVel Announces Leadership Transition as Founder Retires
- CorVel chairman Clemons to retire, CEO Combs named next chairman
- CorVel Corporation Posts Strong Revenue and Earnings Growth
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