Dollar Tree announces two-for-one stock split

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Discount retailer Dollar Tree Inc. announced Tuesday its plans for a two-for-one stock split.

Shares of the Chesapeake-based company will be distributed on June 26 for shareholders of record at close of business on June 12. The number of shares after the split will increase from 116 million shares to 232 million shares.

“The stock dividend announced today is designed to increase the liquidity of the company’s stock and provide a more attractive entry point for shareholders, affording the potential to broaden the shareholder base,” Bob Sasser, president and CEO of Dollar Tree, said in a statement.

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