10:00 AM EDT, 06/13/2024 (MT Newswires) -- Williams-Sonoma ( WSM ) said Thursday that its board has approved a two-for-one stock split through a stock dividend.

The company said that shareholders of record as of June 27 will receive an additional share for each share held, which will be distributed after market close on July 8. The stock dividend does not affect voting or other shareholder rights.

Trading on a split-adjusted basis will begin July 9, the company said.

Additionally, the company set a quarterly cash dividend of $1.14 per share, up from $1.13 in the previous quarter. The dividend will be adjusted to $0.57 per share post-split, payable Aug. 23 to shareholders of record as of July 19.

Shares of the company were up 3.1% in recent Thursday trading.

Price: 320.68, Change: +9.68, Percent Change: +3.11