Courtesy of Benzinga.
The Board of Directors of Delta Natural Gas Company, Inc. (NASDAQ: DGAS), at its meeting on February 17, 2012, declared, subject to regulatory approval, a two-for-one stock split of the Corporation’s issued and outstanding common stock for shareholders of record as of April 17, 2012. For every one share of Delta Natural Gas, Inc. common stock owned as of the close of business on April 17, 2012, the shareholder will then own two shares of Delta Natural Gas Company, Inc. common stock. The split is expected to be completed, and the additional shares issued, on or about May 1, 2012. The Company currently has 3,404,181 shares of common stock outstanding. After the stock split, the current number of shares of common stock outstanding will increase to 6,808,362 shares.