DividendJun 1, 2026, 09:11 AM
Astronics Announces 20% Class B Stock Distribution
AI Summary
Astronics Corporation announced a 20% stock distribution of Class B Stock to holders of both Common and Class B Stock. Shareholders will receive one share of Class B Stock for every five shares held on the record date of June 15, 2026, with distribution expected around June 29, 2026. Fractional shares will be paid in cash. The company stated this continues their custom of distributing Class B shares to reward current shareholders and encourage long-term ownership.
Key Highlights
- Astronics announced a 20% stock distribution of Class B Stock.
- Shareholders will receive one Class B share for every five shares of Common and Class B Stock held.
- The record date for the distribution is June 15, 2026.
- New Class B shares are expected to be distributed on or about June 29, 2026.
- Fractional shares resulting from the distribution will be paid in cash.
- After the distribution, approximately 32.1 million Common and 10.9 million Class B shares are expected to be outstanding.
- Class B Stock is entitled to ten votes per share, while Common Stock has one vote per share.
Price Impact
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