Delta Natural Gas Company Inc. announced that it has completed a two-for-one stock split of the corporation’s issued and outstanding common stock. The distribution date of the split was Tuesday.
For every one share of Delta Natural Gas Company Inc. common stock owned as of the close of business on April 17, the record date of the stock split, the shareholder now owns two shares of Delta Natural Gas Company Inc. common stock.
Wednesday was the ex-dividend date, which was the first day that the common stock was traded on the NASDAQ Global Market on a post-split basis.
More information on the two-for-one stock split can be found at www.deltagas.com.
The company had 3,408,696 shares of common stock outstanding prior to the split. After the stock split, the current number of shares of common stock outstanding increases to 6,817,392 shares.
Delta Natural Gas is engaged primarily in the distribution, transmission, storage and production of natural gas serving approximately 37,000 customers across 23 Kentucky counties. Delta Gas Company Inc. owns and operates gas storage facilities and approximately 2,500 miles of natural gas gathering, transmission, distribution and service lines.
