O'Reilly Automotive, Inc. (ORLY, Financial) has announced a significant corporate action with the approval of a 15-for-1 stock split by its Board of Directors. This stock split will be executed as a one-time special stock dividend, contingent upon shareholder approval to amend the company's Articles of Incorporation. The amendment aims to increase the number of authorized shares of common stock, facilitating the stock split.
The company plans to seek shareholder approval for this amendment at the 2025 annual meeting. If approved, shareholders of record as of June 2, 2025, will receive fourteen additional shares for each share held. The distribution of these additional shares is scheduled to occur after market close on June 9, 2025, with trading on a post-split basis commencing on June 10, 2025.
Should the stock split proceed, O'Reilly Automotive will make proportionate adjustments to its outstanding stock awards, equity incentive plans, existing agreements, and authorized buyback programs. This strategic move is expected to enhance the liquidity and accessibility of the company's shares, potentially attracting a broader base of investors.
Should you invest in O'Reilly Automotive Inc (ORLY, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth O'Reilly Automotive Inc (ORLY) stock research here.
