Heico announces 5-for-4 stock split.
Heico announced that its board approved a 5-for-4 stock split and a 7% effective increase in the semi-annual cash dividend on both its Class A Common Stock and Common Stock. The stock split will be effected in the form of a 25% stock dividend on each class of the company's shares as they are respectively held. The stock dividend is payable on June 27 to shareholders of record in the same class of shares at the close of business on June 21. Cash will be paid in lieu of fractional shares based on the last sale price of each share class on the record date.