Sun Hydraulics Corporation Declares 50% Stock Dividend and Increases Cash Dividend of $0.09/Share

Sun Hydraulics Corporation SNHY has announced a 50% stock dividend and increased the Company's cash dividend. The stock dividend increases the total shares outstanding to approximately 25.6 million shares from 17.1 million. The cash dividend is in the amount of $0.09 per share on the new total shares outstanding after the stock dividend. For further clarification and as an example, if an investor currently owns 100 shares, they will receive an additional 50 shares related to the 50% stock dividend at the close of the market on July 15, 2011. The opening market price on July 18, 2011, will be adjusted to reflect the additional shares. The investor would then receive a $0.09 per share dividend on the 150 total shares.