NEW YORK, Jan 14 (Reuters) - Winnebago Industries Inc. , the motor home and recreational vehicle manufacturer, on Wednesday said its board of directors has approved a 2-for-1 common stock split.
The Forest City, Iowa-based company said the split, in the form of a 100 percent stock dividend, will be effective on March 5 for shareholders of record as of Feb. 20. Winnebago said it will have about 33.8 million shares outstanding after the split. A stock split reduces the share price by increasing the number of shares outstanding.
Winnebago shares traded late Wednesday at $69.60, up 10 cents, on the New York Stock Exchange.