Metris Companies Inc., St. Louis Park, MN, has approved a two-for-one stock split of its common stock. The two-for-one stock split, which will be paid in the form of a 100% stock dividend, will be distributed on June 15 to shareholders of record on June 1.
The split will increase the outstanding number of Metris shares from over 19 million to nearly 40 million.
Metris Companies Inc. is an information-based direct marketer of consumer credit products and fee-based services primarily to moderate-income consumers.
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