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Williams Sonoma Announces Stock Split and Dividend
June 13,
2024 by HFBusiness Staff in Business Strategy, Industry 
Williams-Sonoma, Inc. announced that its Board of Directors has declared a two-for-one stock split through a stock dividend to make its stock more accessible to investors and employees.
Each stockholder of record on June 27 will receive one additional share of common stock for each share of common stock held, payable after the close of market on July 8. Trading is expected to commence on a split-adjusted basis at market open on July 9. The stock dividend will not have any impact on the voting and other rights of stockholders.
Williams-Sonoma also announced that the Board has declared a quarterly cash dividend of $1.14 per share of common stock.
Each stockholder of record on July 19 will be paid the cash dividend on August 23. As a result of the company’s stock split also announced today, the cash dividend will be adjusted from $1.14 per share to $0.57 per share of common stock on a post-split basis prior to payment.