In connection with the Distribution, SWBI stockholders will receive one share of our common stock for every four shares of SWBI common stock held as of the close of business on the Record Date. The Separation is expected to be completed on August 24, 2020.

Is Trex stock going to split?

On August 3, 2020, the Company announced Board approval for a 2-for-1 stock split.

How long does it take for a stock to split?

A company announcing a split usually sets an effective date of 10–30 days after the announcement. All shareholders who own the stock the trading day before the ex-date will take part in the split.