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1-800 Contacts splits stock 2-for-1 for those holding shares on July 24

SHARE 1-800 Contacts splits stock 2-for-1 for those holding shares on July 24

DRAPER (Dow Jones News) — 1-800 Contacts Inc. said Monday it plans to split its stock two-for-one.

New shares will be payable Aug. 1 to shareholders on record on July 24, according to the company, which is a leading direct marketer of contact lenses.

The company has about 6 million shares outstanding. 1-800 Contacts reported $107.6 million of revenue for the last 12 months.