Investors must be glad they got in the game with THQ Inc. which today (Aug. 9, 2005) declared a three-for-two stock split of the company's outstanding shares of common stock to be dolled out as a 50% stock dividend.
On or about September 1, stockholders will receive one additional share of common stock for every two shares owned on the record date of August 19 with cash to be paid in lieu of any fractional shares.
After the split, THQ will have approximately 62 million shares of common stock outstanding.
THQ Inc. (NASDAQ:THQI) is a leading, worldwide developer and publisher of interactive entertainment software for a variety of hardware platforms including PC CD-ROM, wireless devices and those manufactured by Sony Computer Ent. America Inc., Nintendo and Microsoft. Headquartered in Los Angeles County, California, THQ (www.thq.com) sells product through its global network of offices located in the U.S., U.K., France, Germany, Netherlands, Spain, Korea and Australia.