Central Garden & Pet Announces Stock Dividend
Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”) announced today that its board of directors declared a special dividend in the form of one share of Central’s Class A Common Stock for every four outstanding shares of Central’s Common Stock, Class A Common Stock and Class B Common Stock.
- Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”) announced today that its board of directors declared a special dividend in the form of one share of Central’s Class A Common Stock for every four outstanding shares of Central’s Common Stock, Class A Common Stock and Class B Common Stock.
- We believe the enhanced liquidity will benefit stockholders and provide Central with increased flexibility to pursue our growth objectives,” commented Beth Springer, interim CEO of Central Garden & Pet.
- The Class A Common Stock is equal in all respects on a per share basis to the Common Stock, except the Common Stock has one vote per share and the Class A Common Stock is non-voting and the trading prices differ.
- There will be approximately 11.1 million outstanding shares of Common Stock and 1.6 million shares of Class B Common Stock before and after the distribution.