Continental Resources Inc. (NYSE: CLR) has declared a two-for-one stock split of the company's common stock to be issued in the form of a stock dividend, according to a release. The additional shares will be distributed on September 10, 2014 to shareholders of record on September 3, 2014.
"I want to congratulate and thank all those whose contributions have helped build this dynamic company to reach this milestone," chairman and CEO Harold G. Hamm said in a statement. "The split signifies our confidence in the company's growth potential and also increases access to CLR as an investment opportunity for a broader range of investors who want to access the American energy renaissance CLR is helping to lead. We look forward to continuing to deliver top-tier organic oil growth for many years to come."
The company is based in Oklahoma City.
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