Quiksilver’s Board Approves Stock Split

Quiksilver Inc.’s board, moving to broaden its shareholder base, has approved a 3-for-2 stock split, the company said Friday. The shares, which have tripled over the last 5 1/2 months, rose 38 cents Friday to $40.50. On March 5, the stock hit a 52-week high of $41.50 a share.

Under the plan, shareholders will receive one additional share of the Costa Mesa surfwear maker’s common stock for every two shares that they hold. The additional shares will be distributed April 23 to shareholders of record April 15, the company said Friday. The split will increase the number of shares outstanding to 22.1 million from 14.7 million.