AAON Adopts 3-For-2 Stock Split

AAON Inc AAON said the Board of Directors declared a three-for-two stock split of its common stock to be paid as a stock dividend on August 16, 2023.

Stockholders of record at the close of business on July 28, 2023, will receive one additional share for every two shares they hold as of that date. 

Based on the shares outstanding as of July 4, 2023, the number of shares outstanding will increase from about 54.4 million to about 81.6 million.

AAON held ~$3 million in cash and equivalents as of March 31, 2023.

Price Action: AAON shares closed lower by 1.12% at $92.29 on Thursday.