REX American Resources Plans Stock Split
REX American Resources(NYSE:REX) reported results for its fiscal second quarter ended in July 2025 on August 27, 2025, posting net income of $7.1 million, or $0.43 per diluted share, a 43% year-over-year decline. Despite lower sales prices for dried distiller grains and higher shipping costs, the company advanced its ethanol capacity and carbon capture projects on schedule and within budget, and announced a two-for-one stock split following record share prices.
REX American Resources' board approved a 2-for-1 stock split via a 100% stock dividend for shareholders of record as of September 8, 2025, after shares reached all-time highs. The company ended the first quarter with $310.5 million in cash and equivalents, supporting future growth and acquisition opportunities.
The stock split is designed to enhance share liquidity and broaden the investor base, while the strong cash position provides flexibility for strategic initiatives.
Source Fool.com
