05:58 PM EDT, 04/10/2024 (MT Newswires) -- Barrett Business Services ( BBSI ) late Wednesday disclosed plans for a 4-for-1 split of common stock, subject to shareholder approval.

Barrett said the upcoming stock split would come in the form of dividend.

The company expects to put a resolution before investors at its June 3 annual meeting to increase the number of authorized shares to 82 million, compared with its current authorization of 20.5 million shares.