Provided By GlobeNewswire
Last update: May 6, 2024
DALLAS, May 06, 2024 (GLOBE NEWSWIRE) -- United States Lime & Minerals, Inc. (NASDAQ: USLM) (the “Company”) today announced that it will conduct a split of its outstanding shares of common stock at a ratio of 5:1, effected in the form of a stock dividend of four additional shares of common stock for each share outstanding. The Company’s Board of Directors determined that, with the significant growth of the trading price for the Company’s common stock over the past several years, the stock split is appropriate to make the Company’s common stock more affordable on a per-share basis to certain investors and employees and to narrow the bid and ask prices of the common stock.