Skechers Board Approves 3-for-1 Stock Split

By Ciara LinnaneMarketWatch Pulse

Skechers USA Inc. said Friday its board has approved a 3-for-1 stock split of its Class A and Class B common stock that will be conducted in the form of a stock dividend. The split must be approved by shareholders at a special meeting scheduled for Sept. 24. Shares rose slightly in premarket trade, but are up 166% in the year so far, while the S&P 500 is down 1.1%.

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