REX American Resources announces 2-for-1 stock split

The company announced that its board of directors has declared a 2-for-1 split of its common stock to be effected as a 100% common stock dividend. The dividend is payable September 15 to shareholders of record as of the close of business on September 8. Shareholders will receive one additional share of common stock for every share held on the record date. As a result of the stock split, REX American Resources’ outstanding shares of common stock will increase from 16,528,787 at present, to 33,057,574 shares. Taking into effect the planned stock split, effective at the close of business on September 8, the number of shares of common stock previously authorized by the board of directors for repurchase will be increased by 100% to 2,357,186 shares.