More than 71 percent went against the reverse stock split.

The stock split, the third in 16 months, takes effect on July 1.

"They trade over the counter and are about to have a 2-for-1 stock split."

The company also said that its board had authorized a 2-for-1 stock split.

It will increase its dividend, and a stock split is possible next year.

The shares quickly shot up to $34 and the company declared a 3-for-2 stock split.

And a stock split has nothing to do with underlying value.

A stock split does not, of course, change a company's value.

The company's first stock split occurred in May 1972 at a market price of $47.

Therefore, a bonus share issue is very similar to a stock split.