Marketer of everyday basic apparel, HanesBrands has executed its previously announced 4-for-1 stock split.
“The New York Stock Exchange began reporting the split-adjusted number of shares outstanding and per-share stock price beginning from March 4,” HanesBrands informed in a press release.
On March 3, HanesBrands stockholders received three additional shares of common stock for each share of common stock they owned to shareholders of record on February 9, 2015.
“Hanes has generated significant value for shareholders through execution of its business strategies, stock price appreciation and quarterly cash dividends,” CEO, Richard Noll said.
“We have posted record results for sales, adjusted operating profit, and settled earnings per share in the past two years and our guidance for 2015 would represent another year of record results,” he added.