G-III Apparel Group's board approves 2-for-1 stock split

April 7, 2015 1:18 PM

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G-III Apparel Group's board of directors approved a two-for-one-stock split, which will be paid as a dividend.

Stockholders of record as of the close of business on April 20 will receive one additional share of common stock for each share of common stock held on that date. The new shares are expected to be issued on May 1. NASDAQ trading on a split-adjusted basis is expected to begin on May 4.

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