Under Armour Board Approves 2-For-1 Stock Split

(RTTNews) - Under Armour, Inc. (UA) said Monday that its Board of Directors has approved a two-for-one stock split of its outstanding common stock.

The stock split will be effected in the form of a stock dividend of one share of Class A Common Stock for each share of Class A Common Stock outstanding and one share of Class B Common Stock for each share of Class B Common Stock outstanding.

The additional shares issued as a result of the stock split will be distributed on or about April 14 to stockholders of record on March 28.

The company's last stock split occurred in July 2012 and this will be the company's second stock split since it went public in November 2005.