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Dec. 8, 2017, 8:58 a.m. EST

Neogen's sets a stock split after 25% price gain this year

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By Tomi Kilgore

Neogen Corp. /zigman2/quotes/204188940/composite NEOG -0.36% said it will enact a four-for-three stock split, on the heels of a 25.4% surge in the stock price year to date. The split will be effected in the form a stock dividend payable Dec. 29 to shareholders of record on Dec. 18. The food and animal safety company said the split will increase the number of shares outstanding to 51.5 million shares from 38.6 million shares. The stock closed Thursday at $82.73; a four-for-three split would imply a price of $62.05. "We are very pleased to be able to enhance the availability and liquidity of our shares to allow more participation in Neogen's success," said Executive Chairman James Herbert. The stock rally this year compares with the S&P 500's /zigman2/quotes/210599714/realtime SPX -0.09% 17.8% gain.

/zigman2/quotes/204188940/composite
US : U.S.: Nasdaq
$ 16.50
-0.06 -0.36%
Volume: 3.17M
Dec. 1, 2022 4:00p
P/E Ratio
48.89
Dividend Yield
N/A
Market Cap
$3.58 billion
Rev. per Employee
$251,994
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/zigman2/quotes/210599714/realtime
US : S&P US
4,076.57
-3.54 -0.09%
Volume: 0.00
Dec. 1, 2022 5:17p
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