KleenAir Announces 2-for-1 Stock Split

KleenAir Systems Inc.’s directors have approved a 2-for-1 split in the Newport Beach company’s surging stock.

The shares, which have soared more than tenfold so far this year in over-the-counter trading, hit a 52-week high of $21 on Tuesday before settling back to close at $19, up $5, or nearly 36%. About a year ago, the stock hit a low of 25 cents a share.

The split will take the form of a 100% stock dividend to be distributed March 20 to shareholders of record March 15, the company said.

The company develops and manufactures pollution control and pollution reduction devices.