Monster Beverage Board Approves 3-for-1 Stock Split - Quick Facts

(RTTNews) - Monster Beverage Corp. (MNST, HANS) said its board of directors has approved a 3-for-1 split of its common stock which will be effected in the form of a 200 percent stock dividend. The additional shares will be distributed on November 9, 2016 to stockholders of record at the close of business on October 26, 2016.

The company expects its common stock to begin trading at the split-adjusted price on November 10, 2016. Upon completion of the stock split, the number of outstanding shares of the company's common stock will triple to about 571 million shares.