Central Garden & Pet Announces Stock Dividend
Will Issue One Share of Class A Common Stock for Every Four Outstanding Shares of Common Stock, Class A Common Stock and Class B Common Stock
Central Garden & Pet Company (NASDAQ:CENT) (NASDAQ:CENTA) ("Central") announced today that its board of directors declared a special dividend in the form of one share of Central's Class A Common Stock for every four outstanding shares of Central's Common Stock, Class A Common Stock and Class B Common Stock.
"We are distributing the Class A Common Stock to enhance the liquidity of the trading market. We believe the enhanced liquidity will benefit stockholders and provide Central with increased flexibility to pursue our growth objectives," commented