Published August 21, 2015 8:06am EDT | Updated August 21, 2015 9:05am EDT

Skechers Board Approves 3-for-1 Stock Split

Skechers USA Inc. said Friday its board has approved a 3-for-1 stock split of its Class A and Class B common stock that will be conducted in the form of a stock dividend. The split must be approved by shareholders at a special meeting scheduled for Sept. 24. Shares rose slightly in premarket trade, but are up 166% in the year so far, while the S&P 500 is down 1.1%.