07:56 AM EDT, 08/27/2025 (MT Newswires) -- REX American Resources ( REX ) said Wednesday that its board has approved a 2-for-1 stock split, distributing one additional share for every share owned as a stock dividend.

The company said its outstanding shares will increase to 33.1 million from about 16.5 million.

REX American Resources ( REX ) also said it will raise its share buyback limit to about 2.4 million shares following the split.

The dividend is payable Sept. 15 to shareholders of record as of the close of business on Sept. 8.