National Technical Systems Declares 50% Stock Split

National Technical Systems said its board of directors declared a 50% stock split in which it will issue one additional share as a dividend for every two shares of stock owned. The Calabasas engineering and testing services company said the shares will be issued as a dividend payable April 14 to shareholders of record on March 31.

A stock split is a procedure in which a company’s directors increase the number of shares outstanding to make ownership available to more investors. The action does not change either the shareholders’ equity in the company or the total value of the company in the stock market.