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3D Systems Corporation announced today that its Board of Directors has declared a three-for-two split of the company’s common stock in the nature of a 50% stock dividend. On February 22, 2013, each stockholder of record at the close of business on February 15, 2013 will receive one additional share for every two shares held on the record date. In lieu of fractional shares, shareholders will receive a cash payment based on the closing market price of DDD stock on the record date. Trading is expected to begin on a split-adjusted basis on February 25, 2013.
“We believe that the stock split will increase the market liquidity and broaden our investor base. We are pleased by the confidence that our Board of Directors and shareholders have placed in our ability to provide superior returns and long-term value,” said Avi Reichental, 3D Systems’ President and Chief Executive Officer.