Power-One of Camarillo Declares 3-for-2 Stock Spit

The board of directors of Power-One Inc. in Camarillo has declared a three-for-two split of the company’s common stock.

The stock split will be in the form of a 50% dividend payable June 2 to stockholders of record on May 24. The dividend will increase the number of outstanding shares to about 36.4 million from about 24.3 million.

Power-One manufactures conversion products designed primarily to power the Web. The company has more than 4,000 employees, with manufacturing operations in Irvine, Boston, Mexico, the Dominican Republic, Puerto Rico, Switzerland, Ireland, Slovakia and China.