Diodes Trading Common Stock on Nasdaq Exchange

Diodes Inc. in Westlake Village has begun trading its common stock on the Nasdaq stock exchange under the symbol DIOD.

Also, the semiconductor company’s board of directors has declared a 3-for-2 stock split, payable on July 14 to stockholders of record on June 28.

Under terms of the stock split, Diodes’ stockholders will receive a dividend of one additional share for every two shares held on the record date. Fractional shares created by the dividend will be paid in cash.

There will be 8 million stock shares after the split, up from about 5.3 million, officials said.

Diodes makes semiconductor products mainly for manufacturers in the telecommunications, computer, electronics and automotive industries.