Hansen Natural (HANS) , a maker of fruit juices and energy drinks, said its board has declared a 4-for-1 split of its highflying shares.
Stockholders of Hansen will receive three additional shares for each share they currently hold. The new shares will be distributed around July 7 to holders of record June 30.
Hansen was trading up $3.99, or 2.4%, to $169.75. During the last year, the stock has traded in a wide range -- $38.03 to $202.10 -- and now sells for more than twice what it did at the end of 2005.
About 22.7 million Hansen shares are outstanding. After the stock split, the company will have around 90.7 million shares. Hansen expects that its stock will begin to trade on a post-split basis on July 10.
"The board's action conveys its confidence in the long-term prospects for Hansen," said Rodney Sacks, chairman and chief executive. "Additionally, we hope this will improve the company's stock liquidity and decrease its volatility in the marketplace as a result of the increase in the number of shares outstanding."